Apartment Complex Naming?

Question

We are about to purchase a 5 unit property. At what size is it appropriate to name an apartment complex? (I.e. 5+, 10+, etc).

Nathan Gesner · Answer

If each unit has a street number, I don't name the property. If each unit has a unit or apartment number, I name the property.

Nathan Gesner · Answer

You can put a sign on the building and name it whatever you want, any time you want, but you probably have to get permission from the City first.

If you want tenants paying rent to "Cherry Blossom Apartments" then that should be a registered name, the bank accounts should be in that name, the leases under that name, etc.

Taylor Adams · Answer

@Nathan G. that’s a good rule of thumb! Thank you.

Davit Gharibyan · Answer

How does naming work? If I name, would I need to file a DBA? I see in some communities tenants pay rents by making a check payable to "ABC Apartments"; I always wondered how does that work on the management side. If the management has an account where rents go for several communities and the account is under "XYZ LLC", how does this work? Will the bank add names of apartments to the account?...

I appreciate the response.

Apartment Complex Naming?

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