The landlord has reduced liability by hiring the the property management company, who in turn, takes on the day-to-day functions of the landlord.

My agent is a long time family friend who has had his own Real Estate Company for 15 years (Offices in Evergreen & Denver).

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

Also, you may want to consider using a note servicer (in my area many title companies offer this service). 

The tenant was placed by the property management company I was using at the time, and they either didn't collect information for additional contacts, or didn't pass it along. 

Notify your mortgage lender and insurance company of the transfer of ownership to update financing and insurance coverage.

People call me all the time asking about such companies.

Smith, Grantor, hereby sales and warrants unto Tom, LLC, a Limited Liability Company created and existing under and by virtue of the laws of Washington, whose principal place of business is 123 Smith Street, and Mike LLC a Limited liability Company created and existing under and by virtue of the laws of the State of Washington, whose principal address is 456 Jones Street, Seattle Washington 12345, Grabtees, as Tenants in Common.

I could probably rent it for $750-$1000 per month over what the standard monthly costs are right now (not including vacancy, maintenance, management company, etc).