Updated almost 6 years ago on . Most recent reply
Rental properties and LLC Bank Account
Hi Everyone, I am hoping someone can help clarify some info for me. I opened up an LLC to help manage my rental properties, however I "house hacked" them and therefore the mortgages are under my name, not the company's. Would there be any advantage to managing the transactions (expenses, rent, etc.) from the LLC's business account? I have a separate personal account for them now, but I am also wondering if the houses would have to be under the business name when it comes to taxes and all. Thanks in advance!