All Forum Posts by: Ramona Hall

 @ Michelle, 

Hi Michelle, This is my first post and I am also a new property manager. I currently have one client under contract to manage his single family residence and I have set up two companies in quickbooks. The first company is my brokerage company that the owners will pay management fees to. The second company is the operating company. I will set up a different class for each unit that I manage. My question is do you set up a new checking account for each owner? I plan on taking on another owner with 7 different single family homes. Do I need another checking account for the new owner?  Thanks in advance for your help.

Ramona