Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
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 almost 5 years ago on . Most recent reply

User Stats

12
Posts
4
Votes
Eric Hildebrand
  • Investor
  • Tampa, FL
4
Votes |
12
Posts

Property Management/LLC Banking Structure

Eric Hildebrand
  • Investor
  • Tampa, FL
Posted

Technical accounting question:

I hold nine SFR rentals - I have a Holding Co. LLC and an Operating Co. LLC. with an operating agreement between the two Technically, Hold Co. owns the properties, and Op Co. manages, although I need to do better at segregation of duties.,

I just signed up for basic Buildium and am trying to set up the banking structure (which should mirror what I "should" have been doing).

Can anyone speak to how the banking relationship should be set up for a "property management" company and its owner?

I am a CPA by trade so can handle the technical junk if anyone has ten minutes to spare for a phone call? I have done my research but have a few questions. Feel free to post but an in-person call is helpful.

Please DM and I'll give you my #. Happy to buy a social distance drink for those Tampa Bay area folks who can afford 10 minutes to hash out my issues.

Thanks in advance!

Loading replies...