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Updated about 9 years ago,
Management LLC and many Prop LLCs - How to Mange Finances
I've got a few multi-unit properties with rental units. Each has its own checking account and credit card. I recently created a property management LLC to manage the property LLCs.
I would like to consolidate and pay all bills with the Management LLC checkbook and credit card.
I'm new to the industry so seem to be reinventing the wheel at every turn. Do any of you have experience with multi property portfolios and how to manage the operational costs/expenses and rent roll through a single property management company? I'd love to see some posts or links on the subject.