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Updated about 15 years ago on . Most recent reply
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many properties held in separate trusts
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?