It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

Do you think this issue is specific to banking services or what do you think is the root cause?

Ensure you have an itemized invoice from the cleaner, which can help justify the deduction.Reasonable Deductions: Long-term tenants often leave normal wear and tear, so I recommend being lenient on minor issues.

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

You may run into issues with re-tenanting and it may take longer than you expect or cost more.  

Having the tenant be responsible for something like the first $1000 of each maintenance issue, or $500 can be a big help.

A way around the whole issue is something we occasionally consider.  

Some of the issues I have clarified so far from this and other forums:1.

Investors obviously want their properties rented with no issues but they also want to be in the know and have a good line of communication when things come up.

v=srTDquLh4e8The issue is not the transfer between you and your LLC but what happened before.