Property not under LLC - can LLC still be used to manage rent and expenses?

[Robert Williams]

Hi All,

Will be buying a property soon. I can choose to get a conventional in my name (best rates), or a DSCR in my LLC's name (slightly higher rate and prepayment penalty). Currently leaning toward getting it in my name for the lower rate, then looking into whether or not to risk the transfer and avoid the Due on Sale, etc. later on.

Separately though - let's say I get the property in my name under a conventional mortgage loan, and for whatever reason never transfer it under the LLC - could I still use the LLC to pay the expenses and collect rents, effectively operating as a business for managing my personally owned properties rather than owning the properties itself? What would be the main considerations here?

Assuming I might not be able to claim depreciation under the LLC, but all other expenses paid by the LLC should still be deductible. 

Is this worth considering or is there a better approach?

[Wayne Brooks]

@Robert Williams You can, but there is no advantage. Your liability as the owner is the same and the tax benefits are exactly the same.