Is There a Fee to Transfer Ownership to My LLC?
Transferring a property from your personal name into an LLC is a common and often smart move.
Audience: property owners who are considering transferring ownership of a rental property into an LLC and want to understand whether MoveZen charges a fee and what costs they should realistically expect.
One of the first questions property owners ask is whether there's a fee involved—and if so, who charges it and why.
Let's break it down clearly.
Frequently Asked Questions
Does MoveZen charge a fee to transfer ownership to my LLC? Yes. MoveZen charges a $195 administrative fee for ownership transfers to an LLC during the agreement term.
Why is there a fee? The fee covers the administrative work required to update trust ledgers, tax documents, accounting systems, and legal records.
Will my management agreement change? Possibly—usually via an addendum or reissued agreement under the LLC.
Will this affect my accounting or payments? Yes. Records must be updated correctly to ensure proper trust accounting and tax reporting.
MoveZen's LLC Transfer Fee
When transferring property ownership to an LLC during your management agreement, MoveZen charges a $195 administrative fee.
This fee covers:
- Updating trust account ledgers
- Creating new owner records in the accounting system
- Updating tax reporting systems
- Preparing management agreement amendments
- Verifying authorized signers and portal access
- Ensuring compliance with NC trust accounting requirements
- Coordinating with the accounting team for proper fund transfers
This is a one-time fee per property transfer.
Additional Fees You May Encounter
Beyond MoveZen's administrative fee, property owners often encounter costs from other parties involved in the transfer.
1. County Recording Fees
When a deed is recorded:
- The county charges a recording fee
- Some counties assess transfer taxes
- Fees vary by jurisdiction
This is paid to the county—not MoveZen.
2. Attorney or Legal Fees
If you use an attorney to prepare the deed or transfer documents, there may be legal fees involved.
This is common and often recommended for correctness.
3. CPA or Tax Advisor Fees
Your CPA may charge for:
- Advising on the transfer
- Adjusting tax treatment
- Updating depreciation schedules
Again—not MoveZen-related, but normal.
Why Ownership Transfers Must Be Handled Carefully
Even though it may feel like a "simple name change," legally it's not.
An LLC is a separate entity, which means:
- Trust ledgers must be updated
- Tax reporting must be correct
- 1099s must match the legal owner
- Payments must go to the correct entity
- Portal access must be updated
Skipping steps can cause payment delays or incorrect tax documents.
What You'll Typically Need to Provide
To complete the transfer cleanly, MoveZen usually requires:
- Recorded deed showing LLC ownership
- New W-9 for the LLC
- Updated banking information (if applicable)
- Effective date of transfer
- Confirmation of authorized signers
Does This Impact My Existing Funds or Balances?
Not negatively—but they must be handled correctly.
- Funds earned before the transfer stay with the individual
- Funds earned after the transfer belong to the LLC
- Ledgers are adjusted accordingly
- No retroactive blending of income occurs
This keeps everything clean for audits and taxes.
Total Expected Costs
When planning for an LLC transfer, expect:
- MoveZen administrative fee: $195
- County recording fees: Varies by jurisdiction (typically $50-200)
- Attorney fees (if used): Varies (typically $300-800)
- CPA fees (if used): Varies (typically $150-500)
Most costs come from external parties, but proper budgeting helps avoid surprises.
Bottom Line
- MoveZen charges a $195 administrative fee for LLC ownership transfers during the agreement term
- Additional costs typically come from external parties (county, attorney, CPA)
- Proper documentation prevents delays and errors
- Clean setup protects your investment long-term and ensures correct tax reporting