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Updated over 1 year ago,

User Stats

172
Posts
13
Votes
Jonathan B.
  • Southeast
13
Votes |
172
Posts

Multiple bank accounts on LLCs ? holding structure question

Jonathan B.
  • Southeast
Posted

Hi Guys,

Currently own multiple properties (Sfr),

they are spread out into various LLCs, having couple of properties in each LLC.

these LLCs are all owned by and a subsidiary of a 1 holding LLC.

Rent is currently flowing into 1 bank account, all expenses and income are being segregated and and accounted for with QB and works well.

Ive been reading that each LLC should have its own Bank account.. i feel this would be a pain to do..

What do you suggest doing? 

how are you structuring your holding?

appreciate your insight.

stay safe.

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