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Updated over 7 years ago on . Most recent reply

Establish a Mngmnt LLC to Manage my Asset in an existing LLC?
Hey BPers,
Have another question with regards to leasing my first SFH. I'm wondering if it's necessary to establish a management LLC to serve as a middle entity between myself and the tenant. The property I'm planning to rent is already in an LLC I own. I have heard that some people establish a separate LLC to manage the asset that is in another LLC they own. I'm wondering what the benefit of doing so would be and if it's really necessary. I know most of us aren't attorneys but any input you can provide on the topic would be greatly appreciated.
Thanks!