Is there benefits in creating llc to rent my property & rent out?

[Nick Gu]

So the way I'm thinking is to create a say a property management company, which rents my property from me.

Say at a rate of $property tax + $hoa

Then rent it out from the llc at market price.

So effectively I still own the property, but llc is in charge of rental/contract/maintenance etc

The llc would have little assets in case it gets a lawsuit

[Greg Scott]

That appears to be a very complex structure with little to no protection.

If someone is going to sue, they would sue the owner of the property (you) and the manager of the property (your LLC). Either get strong insurance protection or go whole-hog on doing an LLC correctly. Half way in-between will kill you.