Self Managing - Should managment company be a separate company/LLC ?

[David Kirkpatrick]

Hello All. I am looking for some advice in regards to managing my portfolio's. I have a few different LLC'c that hold different porfolios of residential properties. I plan to buy other properties and portfolios in the next few years and am wondering if I should start a new LLC just to manage the properties or can I continue using one of the current LLC's? Currently I use the first LLC I started and own a few properties in. The name is more "management" oriented and i have stationary and some logos already in use with that name. I am settling on a few more properties in October under a new LLC and have all of the bank accounts created in order to keep the money separate. I am wondering if you'd recommend that I start a new LLC to manage the different LLC's or can i keep using the first one and just treat the second LLC as if it was a different owner and I was just managing the units? I hope this makes sense? I know its best to keep all LLC'c separate for legal purposes but i can't see a benefit to managing them all under different names. I think that would get a little too confusing? Any help would be appreciated.

Dave