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Updated almost 2 years ago,
Comingling funds with LLC
Hi everyone,
This year I purchased my 2nd and 3rd rental properties in the STL area. I had a SFH in the area already, which is under an LLC. I have not created an LLC for the other two properties.
I have been collecting the rent from all my properties and putting it in the LLC account. Is this ok? Should I make a 2nd and 3rd LLC? Or should I put all the properties under the same LLC?
Not sure if there are any disadvantages or concerns I should have about doing this.
Thanks,
Kyle