Property Management
A Louisiana property manager who collects rents on behalf of the owner must:
ADeposit all rents into the manager's personal checking account for convenience
BMaintain a separate trust account for client funds and keep accurate records✓ Correct
CRemit all rents to the owner within 24 hours regardless of agreements
DFile monthly reports with the LREC
Explanation
Louisiana property managers must maintain a separate trust (escrow) account for all client funds, keeping them segregated from personal or business funds. Accurate records must be maintained for all receipts and disbursements.
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