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LLC Mixing of Funds Question for Tenant Management Software
Hi BP Community,
I’m curious about what others are doing with this question. In my case, if each of my two properties will be set up on their own LLCs and bank accounts, where do the funds come from for the subscription fee on the tenant management software that manages both properties? I’m asking only in the interest of keeping things 100% separate and in the rare case of a lawsuit. Would using property A’s bank account for the subscription be a concern if property B had a lawsuit and would property A be at risk? Kind of an in the weeds question but I want to make sure I’m doing things correctly.
A correct answer can be “you’re over thinking it” too!
Thanks in advance!