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Updated over 6 years ago on . Most recent reply

Travis Campbell's profile image
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Travis Campbell
  • Investor
  • from Raleigh, North Carolina
  • Member since Jun 10, 2016
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Travis Campbell's profile image
Travis Campbell's profile image
Travis Campbell
  • Investor
  • from Raleigh, North Carolina
  • Member since Jun 10, 2016
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Travis Campbell
  • Investor
  • Raleigh, NC
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General Landlording & Rental Properties

Run rent money through LLC bank account?

Travis Campbell
  • Investor
  • Raleigh, NC
Posted

Hi all!

We just opened a LLC for our rental property. I have a quick question regarding the LLC bank account. Of course this is where I keep the security deposit from my tenants. I use Venmo to collect rent. Do I need to run the rent money through my LLC bank account before I transfer it to my personal account or can I transfer straight from Venmo to my personal without it ever touching the LLC bank account?

Thanks for your help!

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