Multiple LLCs with Properties- How to manage

[Mak K.]

Hi ,

I have 4 properties. Each property is under one LLC (Sorry I have to keep it under each LLC). I am the owner/Landlord/Property Manager. As I grow my portfolios, its getting tedious on accounting since quickbooks requires each LLC as separate accounts and managing individual LLC bank accounts,. We do in-house accounting. I use Innango for rent management. On few occasions tenant deposit cash once in a while.

Question: Would it be easier to have one LLC as management company and collect all the rents? Has anybody done it? If you have one management company, at end of the year do you have to do monetary transactions on each individual LLCs etc? or can you just keep LLC as holding company with no Monetary transactions. I am sorry but I have tried 2-3 CPAs and they just cant tell me a straight forward answer without being diplomatic round answers