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Updated about 13 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • Georgia
3
Votes |
34
Posts

Question/Advice regarding my LLC!

Account Closed
  • Real Estate Investor
  • Georgia
Posted

Good afternoon.

I have a question regarding my LLC. A little background. I have 12 rental properties listed under an LLC I set up. I set up the LLC in Georgia. My LLC name is "(mynamehere)properties.

Recently a friend of mine told me that setting up your LLC provides privacy benefits. It is much harder to find out who is the owner of the LLC and their private address/information. He mentioned that he had a friend that set up each rental property under a separate LLC (thru Deleware) and also had one LLC that acted as an umbrella to all the other LLC's.

I originally thought it would be nice to have my name in the title of my LLC, an ego thing I guess but I have recently had a change of heart. One reason, other than the ease of access by others to my personal information with a quick search on Georgia Chamber of Commerce is, I would like my tenants to feel that they are receiving late/eviction notices from an outside company. I like to manage the properties myself and when my tenants see that its me sending these notices they don't really take them seriously because I am "to nice of a landlord".

So any advice on how I should handle this LLC situation or just keep it how it is would be greatly appreciated.

Thank you.

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