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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
0
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Travis Campbell
  • Investor
  • Raleigh, NC
0
Votes |
6
Posts

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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