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Forum Categories All Member since 2024 · 7 posts · 4 votes Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes 52m setting up that many LLCs is the mistake you made for being inefficient. Not sure why you have that many LLCs. No matter what you do now its going to be inefficient and painful.
Forum Categories All Member since 2024 · 2 posts · 3 votes Rental Property Investor · Philadelphia, PA · Member since 2021 · 778 posts · 503 votes 37m @Magda Rose - I have a different checking account for each property and all payments (rent, utilities, etc...) go through that account as well as any income (rent). I typically download the activity and that serves as a good baseline to put together the end of year P&L for that property.
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