All Forum Posts by: Warren Barton

@James Mc Ree a benefit I was going for was to increase revenue in the LLC, to better position it for funding the next LTR. From the replies though that's not the right way to go about it.

@Sean O'Keefe This is clear, thank you! Keeping things as they are for now. Much appreciated.

Thanks @Colleen F. for replying. Operating agreement is generic from zenbusiness, doesn't seem to call out anything that would be an issue. My LLC wouldn't be managing these properties but is managing another property. At some point I'll take over those two as well and then for sure it'll make sense to use the LLC to manage them. It's sounding like I should leave things as they are for now.

Hi I'm hoping for some advice on this one. My accountant has this in their inbox as well. I have two LTRs out of state that are managed by a local, fantastic property management company. To date, they've been sending me rent proceeds right to my personal bank account, in my personal name. The houses are in my name, for now anyway. My question is...

Should I give the property manager the EIN of an LLC that I already have and already use for a local LTR? I manage the local one myself. Doing so would increase revenue to my property management LLC but likely has some downsides I'm not aware of yet. Thoughts? Thanks all!