Originally posted by @Patrick Jung:
also, do you have to have a real estate or broker license to manage the property? Because if you create an LLC to manage the property whose deed is not in the llc name (it's in personal name) it is technically considered managing someone else's property like an outsider
**obviously I'm not an attorney or trying to pretend to be giving legal advice** but...
You do not have to have a real estate license of any kind to own or manage your own property. The act of putting an LLC "in charge" of it does not make you "like an outsider"
You own and manage it with whatever paperwork you want, also write whomever you wish the rent pays to be payable to. Where you run into the specific of what this means to you is the why. Like Jonathan Key said, why do you need an LLC for your properties? I can easily think of reasons why it makes sense for me but your specific situations is likely different from mine. A visit/consultation with an attorney or cpa who services investors that are local to you is the right move here.
