My firm also manages properties for our clients and although its a small portion of our business, its a great way for us to stay involved with clients to better understand & anticipate their needs. 

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.

Hey Bigger Pockets Family, I recently moved to Denver, CO from Tacoma, WA where my business partner and I used to fix & flip properties.

So I met with a gentleman yesterday who is an Executive and Business Coach.

have been keeping me busy for the last 10 years or so.

- Refers to loans and mortgages that cover the costs of purchasing and launching your short-term rental property and business. 

For example, I have a client who lives in Franklin, TN and purchased a second home downtown Nashville, TN with the intention of using it when conducting business downtown, entertaining clients, etc...  

Its pretty vast and unsure of your strategy and your "WHYS".

I would set up an entity that buys the property, you'll put the capital into the business and find an equity split that works for you.

I value the role of having a solid network, which I've established in the Kansas City architecture realm, and am excited about getting to know you all in the real estate business in the KC Metro area!