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How do I create an LLC for my rental property?

How do I create an LLC for my rental property?

By Ryan William Wednesday, February 21, 2024

  • If you already have an existing loan for a property under your name, contact your lender to see if they allow a title transfer to your LLC.  

  • See what requirements they have for allowing a title transfer.  

  • Choose an available business name.  

  • Fill out the Articles of Organization for your LLC, which state basic information about your LLC. Create an LLC Operating Agreement.  

  • Obtain licenses and permits if they are required for your business.  

  • Register your LLC with the state. You will turn in all formal documents to the state so they can register your business. There may be a filing fee.  

  • Transfer title to the LLC. This effectively transfers ownership from you to the LLC.  

  • Update your owner profile with 24k Property Management to make sure your annual 1099 is filed correctly.

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Ryan William
Content Creator
Ryan is Originally from San Francisco; he’s called Boise home since 2004 and even graduated from Boise State University in 2016! He came to us adept in customer service, equipped with keen attention to detail, and displayed proficiency in maintenance management. With a massive background in business operations both from his own Precision Asphalt company he owns and in his educational pursuits, Ryan quickly became an indispensable asset on our team. Ryan is a State champion pool player and i...
Ryan is Originally from San Francisco; he’s called Boise home since 2004 and even graduated from Boise State University in 2016! He came to us adept in customer service, equipped with keen attention to detail, and displayed proficiency in maintenance management. With a massive background in business operations both from his own Precision Asphalt company he owns and in his educational pursuits, Ryan quickly became an indispensable asset on our team. Ryan is a State champion pool player and is heavily involved in a fantasy football league. Day to day you’ll find him enjoying time with his family here in Boise, sporting his San Francisco 49ers gear, and being the best Uncle he can be. At times he will be enjoying live music with friends or taking a holiday somewhere around the US.
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