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Updated over 13 years ago on . Most recent reply

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Allison Cannie
  • Rental Property Investor
  • Charlotte, NC
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Rental properties to LLC in NC

Allison Cannie
  • Rental Property Investor
  • Charlotte, NC
Posted

I have two rental properties and working on a third. Is their any benefit (tax or otherwise) to starting a property management company and managing my own properties? If so, is a license required to manage my own properties?

Thanks
-Alli

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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
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Mitch Kronowit
  • SFR Investor
  • Orange County, CA
Replied

I'm not aware of any state that requires you to hold a license in order to manage your own property. As far as forming an LLC, I believe it's more important to have it hold the title to your rental properties than act as a management company while you hold title in your own name.

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