Start a new topic

Financial seperation

I've learned (Kansas) and seems most states to keep Deposits separate account, but does that also include monthly rent as well?

No, but the security deposit can be kept in accounts building interest.
Some states do require separate accounts. CA does not.......However, you should have a separate checking acct for your rental income/expense. You may have serious problems with IRS if you get audited.
Login to post a comment