General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago,
LLC Transactions- How to keep it simple- Accounting
So I have a parent PXX LLC in WY and then child A1 LLC, A2 LLC, A3 LLC in Texas. Each child LLC has one property. All lease are signed under A1, A2, A3 llc with tenant.
Now for the rent collection, expenses paid etc, can I just deposit all transactions under Pxx LLC? Or do I have deposit checks for property A1 LLC under A1 LLC bank, and A2 LLC under A2 LLC Bank accounts?
I am trying to keep things simple. How are you guys setup?