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Updated over 3 years ago on . Most recent reply

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
740
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General Landlording & Rental Properties

Do you have one bank account for all of your LLC?

John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Posted

How are you guys managing your properties from a banking perspective. Do you have an LLC for each property with each having its own bank account? What has been the easiest.

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Joseph Gozlan
  • Real Estate Agent
  • from Plano, TX
  • Member since Jun 2, 2015
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Joseph Gozlan
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  • from Plano, TX
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Joseph Gozlan
  • Real Estate Agent
  • Plano, TX
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Joseph Gozlan
  • Real Estate Agent
  • Plano, TX
Replied

No matter what you do, do NOT commingle funds between personal funds and LLC funds or between different LLCs. You risk losing your protection if you do.

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