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Financial seperation

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