Property Management
A New Hampshire property management company managing 200 rental units should use:
AA single bank account for all properties
BSeparate trust accounts for security deposits and operating funds, with detailed ledgers per property✓ Correct
CThe owner's personal checking account for convenience
DOnly cash transactions to simplify accounting
Explanation
Proper property management requires separate trust accounts for security deposits (required by law) and operating funds, with detailed individual ledgers for each property. This protects owners and tenants and ensures regulatory compliance.
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