Property Management
A Colorado property manager who manages residential rental properties for multiple owners must maintain:
AA. A single pooled account for all owners' funds
BB. Separate ledger accounts for each owner within the trust account, or separate trust accounts, to track each owner's funds✓ Correct
CC. Only a business checking account
DD. No special accounting requirements
Explanation
While a property manager may hold multiple clients' funds in a single trust account (pooled), they must maintain separate ledger records for each client (owner) showing each client's deposits, disbursements, and balance. This ensures accountability and prevents one owner's funds from being used for another's expenses.
Related Colorado Property Management Questions
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