Changing my name to LLC name in lease

[Puran Patel]

I recently bought a single family house (for renting purpose) and I have applied for an LLC last week and waiting for certificate to arrive (should receive by this coming week). I found a tenant yesterday and did their background check and did the paperwork including signing a year lease. I have to rush it because they were looking to move in by next week since they moved from other town and are current staying at the Marriott. What steps I need to take to get my rental property from my name to my newly created LLC name? Thanks!

[Bryan O.]

@Puran Patel just put the LLC name in the lease. Your LLC can be doing the management of the property regardless of who is listed on the deed. Just make sure you have an account set up for the business for the tenant to pay. Typically, banks want to see the Articles of Organization, Operating Agreement, and the EIN document. It doesn't take long to get the account open.

If you have a loan on the property don't try to change the name on the deed until you research Due on Sale and determine your own risk tolerance.