Rental Property Manager

Can you have LLC set up as a property manager for investment property?

I'm curious if you own a rental investment property under your individual name, can you have your LLC set up as the property manager and hence provide the protections of the LLC. Bascially, the renters would sign a lease to the LLC, and the LLC would "pay" you the individual.

Trying to leverage the protection of an LLC but since it's difficult to purchase under an LLC, you would have the house under your own name.

Not difficult at all. Quite routinely done.

You lose a key protection if you do not title the property in the name of the LLC. The LLC cannot get the mortgage - you do! Your personal credit, income, etc, is key to getting the mortgage, and you are personally liable for the mortgage payment. But have your real estate attorney write into the contract that the property is to be titled under the name of, say, "123 Main Street LLC." There is a specific clause in standard real estate contracts where you specify how title is to be taken, so list your LLC!

Then tenants' leases are under the 123 Main Street LLC, payment to 123..., and 123... pays the mortgage and all the expenses. The LLC only pays you the profits, and you pay the income taxes on those profits.

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