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Updated over 15 years ago on . Most recent reply

User Stats

124
Posts
15
Votes
Robert Granara
  • Real Estate Investor
  • Reading, MA
15
Votes |
124
Posts

many properties held in separate trusts

Robert Granara
  • Real Estate Investor
  • Reading, MA
Posted

i am creating several realty trusts to hold my rental properties (which currently stands at 5)...14 units in 5 properties

my other option would be to creat an LLC to hold the 5 properties...i cant imagine creating 5 separate LLC's, its just too much work w/ 5 separate banking accounts etc...

if i go w/ the realty trusts when they do go into effect the tenants will now pay the corresponding realty trust and make checks payable to the separate trusts...

is there a way i can deposit all checks into the same bank account or do they all have to be separate?

is there a management account or something that the $$$ can be deposited into so the funds can be co-mingled?

any other suggestions?

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