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How to pay rent and avoid piercing the LLC veil
We just started a rental property business. We have purchased 2 homes in our personal name. Both properties will be deeded over to our new rental property LLC. The mortgages for both properties are in our personal name. Legally speaking, what is the best way to pay the mortgages for these properties? Can we simply pay the mortgages from our LLC checking account? Or do we have to take a distribution from the LLC checking account and then use those funds to pay the mortgage? Thanks for the help. Chad.