Series LLC Cashflow Question

[Jin Park]

My residency is in Atlanta and my two investment properties are in Indiana. Based on my meetings with the attorney, I have created two sets of legal entity. 

1.Traditional LLC in Georgia (Operating LLC)--> This has its own EIN

2. Series LLC in Texas (Asset Holding LLC) --> This currently has one parent LLC, which has its own EIN and two child LLCs, which both have separate EINs

-My investment properties are all being managed by a separate property management company, and I currently just collect rent through my personal bank account. Since I will be transferring my two deeds to each child LLCs, how should my cashflow be looking like going forward? Does my PM have to start depositing rent to each separate child LLC bank accounts and I need to manually transfer the funds to my GA Operating LLC OR since I am not doing any property management/operating a business, I only have to collect rent through my Series LLC? Also, if I want to start using the rent income to buy other properties, how should I withdraw these funds to my personal account properly to purchase more investment properties?

[Nathan Gesner]

Not a fan of attorneys. You've just created an increase level of complexity that is completely unnecessary. Personally, I would put both properties in the same LLC and leave the other one vacant. Set up the bank account (one checking, one savings) and run everything through that. If you don't keep your personal and LLC funds separate, you destroy the protection it provides.