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Updated over 5 years ago,

Account Closed
  • Investor
  • Derby, CT
2
Votes |
11
Posts

Property management escrow account structure?

Account Closed
  • Investor
  • Derby, CT
Posted

How are property managers structuring escrow accounts for rent collection?

Do you create separate escrow accounts for each building?

Do you collect all rent through a single account before distributing to individual owner accounts?

If you have a single account that initially accepts rental income for multiple owners, do you create escrow protection by holding this account under a separate LLC that is different than the management entity?

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