How to act as 'propert manager' without an llc

Question

Probably somewhat of a newbie question, any advice would be great.

I have read more than a few places to refer to yourself as the Property Manager rather than the Owner, which sounds like excellent advice.

Now, how do I go about doing this when I do not have a company or another name to recieve checks addressed to?

I currently have only one building, would it be a good thing to establish an LLC this early into things?

Not sure how to handle this once I must let the tenant know who to make the checks out to.

What to do in this situation?

Greg C · Answer

I just files a fict business name and opend an account in that name and the tennants make it out to the company

Mark N.A · Answer

I've called myself the manager for years with the checks made out to me, even for those properties I hold in an LLC (which not all of mine are). Never had any problems.

What you really probably want is a PO box so tenants don't show up at your house.

The real purpose of an LLC is asset protection. You can accomplish the same with a good umbrella policy and other good insurance. Having an attorney form your LLC costs money, you pay the attorney a yearly fee if he serves as registered agent, and you pay the state a yearly fee.

If you're just starting out keep it simple and bank your money toward growing.

How to act as 'propert manager' without an llc

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