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Updated almost 6 years ago on . Most recent reply

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Tenants Check written to personal name instead of LLC name

Posted

Hello everyone, today I received my first rent check Wich is extremely exciting but I ran into a small issue and need some advice. The property I purchased can with inherited tentants and the first day I gave them my contact info and where they are to mail rent payments and such. I currently have this property in a LLC and my bank account in the same LLC also. The issue I'm having is I forgot to tell the tenants that there checks need to be written out to my LLC name, because I forgot to tell them they wrote it out to my personal name. I don't want to comingle funds by depositing this into my LLC bank account and I know I can't just modify the check so what should I do with these checks. I would prefer to not have to go to my tenant and have them write out a new one if I can avoid it. What options do I have in this situation? Thanks in advance

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