Forming My Property Management LLC for liability and asset protection.
I own under my name over a dozen rental properties (with loans) in Florida which I effectively manage from Europe without an issue. While I have HO6 insurance on them, I am considering creating a My Property Management LLC to manage all aspects of these rentals (maintenance, collect rents, etc.) in order to achieve additional liability protection. Has anyone done this? Considering I would be the sole employee of this company which manages all operations from abroad, which also happens to be the sole property owner of these rentals, would it meet asset protection and liability protection benefits? Has anyone done this? I cannot move title for each property to a LLC as PNC will not allow it (due-on-sale clause). I read about the Land Trusts and it seems way too much cost and overhead compared to a My Property Management LLC. Any feedback would be appreciated. Thanks in advance! :)