Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

11
Posts
1
Votes
Jon Pinkerton
  • Rental Property Investor
1
Votes |
11
Posts

Comingling rent payment

Jon Pinkerton
  • Rental Property Investor
Posted

I recently leased a residential property that is titled in a trust. I was delayed in getting a checking / operating account set up as I needed to consult with my lawyer on the proper name that should be on the account and obtain an EiN #. While this was happening, my new tenant needed to pay rent and security deposit. He suggested using Zelle. I set up my personal account to accept and worked fine. I have since gotten my trust account set up and was advised that since it is a business account, I would not be able to use Zelle. I realize I may need to amend the rent payment agreement to come up with an alternative to Zelle. However, if I decide to continue accepting Zelle payment from tenant, can’t I just write a check from my personal account into the business account? Am I creating any commingling of fund problems. I appreciate any insight.

Loading replies...