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All Forum Posts by: Frank Leon

Frank Leon has started 6 posts and replied 16 times.

Quote from @Amanda Janes:

@Frank Leon - commingling is when you mix personal finances with business, or most commonly if you are a PM company, mixing business operating expenses with property/owner/investor funds.

For instance, the PM company pays their own office rent or utilities out of the bank account that they collect rents from tenants on behalf of others.

Sorry what I meant was commingling   the finances of the other individual accounts that are all separate Llcs

I have a colleague that owns multiple properties and is trying to be a more efficient with tenant communications. She currently mainly texts, but wants to transition to email. In setting up her email, she's curious which would be the better way:

1. Create one email account per property (prop1 at gmail dot com, prop2 at gmail dot com, etc)

2. Use one email for all properties (management at gmail dot com)

3. Buy a domain name, to look more professional, and create one email alias per property (prop1 at management dot com, prop2 at management dot com, etc.)

Thoughts?  and thank you!

I have a colleague with multiple properties. She has one bank account per property and has zelle connected to each account using a different email. The issue is that the bank allows a maximum of 5 email address and she has more than 5 properties. She ends up using one of the email address on more than one account which defeats the point of having separate accounts. How do you folks deal with this issue? Do you have one "management" account that collects all rents and then distributes them to the individual accounts? if so, wouldn't this technically be commingling? 

Curious to know how everyone with multiple rentals manage e-mail communications with tenants. Assuming you have each property under it's own separate entity, do you use one global email for all properties and then organize e-mails within your e-mail application by properties, do you use an individual e-mail address per property, or do you use another method? Thanks in advance!

Looks like we have a few people interested in a meet-up! Here is my IG @thehungryfrank. Let's all connected and I'd be happy to organize one next month. 

Let's all connect on IG, what are your names on there? We should start a what'sapp group chat too! :) who's in?

Great idea, let me know when the next one is!

Nice to meet you Beatriz! We should connect. Are you on FB or IG? feel free to message me directly on here. Anyone else!? 

Hi everyone! Would love to connect with those in the Miami area. Who's from the 305? :) 

Anytime!! The lease should address it too, see Florida statute 83.53 for wording.