Collecting rent on property in own name

[Jeffery Drayton]

Hello Everyone,

I was wonder what type of structure is best for collecting rent on a mortgaged property that's under my personal name. I know about transferring it into an LLC but I don't want to trigger a "due on sale clause" so I would like to keep it under my name for now.

Should I apply for a sole proprietorship and have my tenant pay rent to a DBA to give a more professional/business impression or should I just have rent addressed to my personal name?

What do most of the landlords out here do? By the way I'm planning on building a portfolio in the future with an LLC, but for now I'm just trying to figure this situation out since I'll be self managing the property.