Texas Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
Establish a Mngmnt LLC to Manage my Asset in an existing LLC?
Hey BPers,
Have another question with regards to leasing my first SFH. I'm wondering if it's necessary to establish a management LLC to serve as a middle entity between myself and the tenant. The property I'm planning to rent is already in an LLC I own. I have heard that some people establish a separate LLC to manage the asset that is in another LLC they own. I'm wondering what the benefit of doing so would be and if it's really necessary. I know most of us aren't attorneys but any input you can provide on the topic would be greatly appreciated.
Thanks!