Property Management
A Utah property manager should maintain separate ledger accounts for:
AOnly properties over $1 million in value
BEach property owner's funds to ensure accurate accounting of all receipts and disbursements✓ Correct
COnly residential properties
DOnly properties with more than 10 units
Explanation
Each property owner's funds should be tracked in separate ledger accounts to ensure accurate accounting and prevent commingling. Even if held in one trust account, individual ledgers track each owner's balance.
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