Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago on . Most recent reply

User Stats

17
Posts
9
Votes
Gala Klein
  • Flagstaff, AZ
9
Votes |
17
Posts

Checking accounts for vacation rentals in LLC vs. Personal

Gala Klein
  • Flagstaff, AZ
Posted

I have one vacation rental and looking to add a second property. We currently have an checking account for VRBO/Airbnb deposits that's part of our personal accounts (though it's a separate account). Our state requires getting an EIN to remit taxes for Vacation Rental revenue. We have an LLC and a checking account for the LLC and an EIN tied to the LLC - I guess my question is: should we switch over the deposits to our LLC checking account? The property is not in the LLC.

Loading replies...