Setup Holding/Management Company?

[Jordyn Gegg]

I have several properties each in different entities, with different partners. I am managing all of the properties, and am considering setting up a company at the top to take my interest in each entity, and serve as one name I can manage all of the properties under. 

Would it make sense to setup the one LLC to house my interest and management? Or setup one entity for management and a separate one to hold my interest?

[Andrew Freed]

@Jordyn Gegg - I have a PM company that oversees all of my individual LLCs. The LLCs pay the PM company anywhere from 7-8% of the revenue and the PM company oversees the assets and employees my staff. I personally like having a separate PM company for many reasons since it clearly separates staff and other resources into one bucket. It also allows you to grab debt from bank easier since there is more revenue and expenses going through this compiled LLC vs. each individual LLC. That is just my take.