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Updated almost 7 years ago,
Banking with Property Manager
I am closing soon on my first rental property, I will be using a property manger to manage my property. Property Manager have two option on how to have operating account.
1. To have a trust account with property manager as operating account, property manager will deposit check in my bank accoint once a month minus bills and his percentage.
2. I add property manager as authorized user to my bank account and property manager will operate though my account.
Can you please suggest which one you suggest a preferable way?
Best, Gary