b'funds, your investors funds could be tied up for a very long time while it gets sorted out with the seller, who may be able to claim some of the funds as damages. Property Management Accounts You may also need a separate property management account. This will be spelled out in the property management contract that will be executed between your title holding entity and the property manager. Note, although we have mentioned this before, it bears repeating: the asset management entity that manages your fund or syndicate is not the same as the property manager.The property manager is a third party entity that deals directly with tenants, property management staff and property contractors, and has the correctliabilityinsuranceforpropertymanagementservices(evictions, employee/HRliabilities,etc.).Evenifthesamemembersoftheasset management team areactingasthepropertymanager,youwilldothis throughaseparateentitythathasthecorrectlicenses(ifrequired)and property management insurance.Becarefulofallowingapropertymanagertocommingleyour propertysfundswiththoseofotherpropertyowners.Someproperty managers will want to do this. If your property is large enough, you can insist that your funds be kept in a separate bank account in your companys namethat you AT ALL TIMES have both access and signing authority. If something goes wrong with your property manager and you need to fire 275'