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General Landlording & Rental Properties

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Lakshay G.
  • Small Business Owner
  • Fallston, MD
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145
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Collecting Rent on LLC Name or not

Lakshay G.
  • Small Business Owner
  • Fallston, MD
Posted Nov 12 2017, 17:42

Hello there, I am new to buy and hold investing and closing my first property very soon. The house is on my name (not on LLC). My concern is that I don't want a tenant to know my full name and my details that I actually own the house, I would like to act as a property manager instead. Yes I'll be using a P O Box address where they will send a payment (I'll be lucky if they can pay online). In other words, I don't want to use my name on the lease, I'd rather form a LLC and use the LLC name instead of mine. Maryland is not the cheapest when it comes to LLC fees. Is this my fear due to being new. So coming to two questions now. Should I create a LLC that a tenant will write checks to and will that really do anything? Second, if the tenant asks me if I own the house, can I say it's owned by a person who doesn't choose to disclose but the LLC is managing it? Or should I suck it up, mention since day 1 that I am the landlord and not care what they think.

Thank you in advance. 

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