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Updated 4 months ago on . Most recent reply

Raghavendra Jakkani's profile image
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Raghavendra Jakkani
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First-Time Home Buyer

Leasing to my own LLC and then to a tenant

Raghavendra Jakkani
Posted

This is my first investment house. I am closing a new house in 2 weeks. When I want to rent out this house, I am thinking of leasing it to an LLC which will have both me and my wife as members and that LLC will be leasing it out to the tenants. The mortgage loan is only on my wife's name. The lease agreement between my wife and LLC will have a clause saying subleasing is allowed and no permission will be required from landlord. Is there anything else that I should add to this agreement?

Dallas, Texas
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo's profile image
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Kevin Sobilo
  • Rental Property Investor
  • from Hanover Twp, PA
  • Member since Jun 25, 2018
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
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Kevin Sobilo
  • Rental Property Investor
  • Hanover Twp, PA
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@Raghavendra Jakkani, why would you do this? I don't see how the LLC will offer you any liability protection in this scenario. It will just be extra hassle.

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