Setting up a Property Management Company for your Own Properties

[Daniel Sprague]

Hey BP Members,

I am sure this has been discussed here but i am relatively new to the site. 

I would like to start a discussion on the pros and cons of starting a property management company simply to handle my own inventory.  20 units all within 1 city.  All of them are held in various LLCs, and range from single family to fourplex.

Are there tax advantages compared to just having my tenants pay the LLC the property is in?

Do you just form the company as an LLC, or is there a better structure?

What advice do you have?

I guess my questions focus around advantages to just having the management company for my own properties, and not about growing a new profitable company that handles other peoples properties.

Thanks in advance for any of your thoughts.