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General Landlording & Rental Properties

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Corey Meyer
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Can I take venmo for rent from tenant?

Corey Meyer
Posted Apr 24 2024, 14:08

Hi,

I have been taking payment from tenants via venmo to my personal account. Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties. My legal advisor is advising I have tenants pay to the LLC. Is there a way I can keep using venmo as it works for my tenants and I. Or is there a different system I should implement?

Thanks,

Corey

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