I always get the tenant to make the check payable to the Owner, and give the check to the Owner immediately. If you deposit it into your account first, this is commingling funds. The term commingling is most often applied to funds or assets. When a fiduciary, a person entrusted with the management of funds other than his or her own in trust, mixes trust money with that of others, the fiduciary is commingling funds, and thereby breaching his or her fiduciary duty.
Ron Levy. The Properteam LLC
Mar 12, 2012