You may want to amend the reporting to that of sole proprietor or take on other members.And yes, the LLC must be the entity doing the exchange. 

If they do not give you any power over leasing or tenants, then there is nothing you can do except amend them, and THEN implement your procedures outlined above. 

You do have to honor the current lease for now, you can't unilaterally amend it to include late fees.  

But if you'd like to add them as additional tenants and the lease hasn't expired, an amendment to the original lease should be fine.3.

Alternatively, you set up an agreement and then you allow amendments for each project.

If/when we agree on renewing, I just put together an amendment that states the new expiration date of the lease and the new rental rate (if different).

I include in my leases that when the lease ends it will remain active on a monthly basis unless otherwise amended.

Since we have an established relationship and I have high confidence in the owner of the wholesaler business, I just said "no problem" (big mistake - wholesaler has no real control of the resident - the contract was assigned to ME and I need to protect my interest with appropriate amendments / agreements with the seller and/or resident).On Monday, oops, the guy is still there.  

Signed the amended agreement.

Would I need to amend the contract to describe the subdivided parcels in order to do a single closing?