Use LLC to collect rents and pay bills on behalf of owner

[James W.]

Howdy Folks,

I own a number of properties in the DFW area, and wanted to have my single member LLC receive rents and make payments for all of the properties I own. I do not have a Texas real estate sales or brokers license. Are any of the members doing that, and have you had any issues with this? Is there a good way to do this?

Note: I'm not doing this to limit liability, just to simplify a somewhat messy reporting approach.

[Khanesia Washington]

Hi, are your properties owned by your llc or you as an individual? If properties are owned by you individually you would have to amend lease and add llc as property mgmt. If llc owns properties and are on lease already, thats fine and this is done all the time.