We now have to pay a $130 per year "Leasing administration fee" for the privilege of being about to lease the unit.

I charge $125/hr for inspections, comps, administrative support, getting estimates from vendors, and number crunching.  

This situation is typically dealt with through an exception to the State's real estate brokerage laws, where a distinction is made between administrative tasks such as an agent/employee taking applications vs. things such as lease negotiations.Essentially you can't get around the licensing laws just by forming an entity. 

I have been waiting since Nov for my Administrator certificate to be issued.

They added a $160 administration fee on top of the policy cost.

We've had some that bill us attorney rates for administrative tasks, a definite bad sign.It's also a volume game. 

Is it more burdensome administratively?

For and in consideration of the rents agreed tenant agrees that rents are based upon limited administrative functions in connection with this lease.

Considering the potential limitations on 1031 exchanges that the Biden administration may implement to increase tax collections, the advantage of 1031 exchanges may end for many people.

It may be as simple as abandon the LLC and return the assets to the administrator/custodian for your IRA.