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Can Rental Income Be Disbursed Equally Into Separate Bank Accounts If My Property Is Co-Owned?

Because owner payments come from a regulated trust account, there are specific rules that must be followed.

Audience: property owners who co-own a rental property and want to understand how MoveZen handles owner payments, splits, and banking setup.

Co-owned properties are common, and yes, rental income can often be split, but only when it's set up correctly.

Here's how it works.

Frequently Asked Questions

Can income be split between multiple owners automatically? Yes—if the ownership and banking setup is configured in advance.

Can I just ask accounting to split it informally? No. Splits must be documented and system-configured.

Does this apply to married couples and LLCs? Yes, but the setup differs depending on ownership structure.

Can split percentages be changed later? Yes, with proper documentation and notice.

Why Co-Owner Disbursements Require Setup

Trust accounting rules require that:

  • Ownership percentages are documented
  • Payments match legal ownership
  • Disbursements are consistent and auditable

This prevents disputes, tax errors, and misdirected funds.

How Split Disbursements Typically Work

When configured correctly:

  • Each owner receives their portion via ACH
  • Percentages are predefined (e.g., 50/50, 70/30)
  • Payments are issued simultaneously
  • Statements reflect each owner's share

The math is automated once the setup is approved.

What's Required to Set This Up

To enable split disbursements, MoveZen typically requires:

  • Ownership documentation
  • W-9s for each owner or entity
  • Banking details for each recipient
  • Written confirmation of split percentages

Related article: https://know.movezen360.com/is-there-a-way-to-securely-submit-my-w9-to-movezen

Common Ownership Scenarios

Married Couples

  • May receive a single payment
  • Or split payments if requested and documented

Business Partners

  • Payments split according to ownership agreement

LLCs with Multiple Members

  • Usually paid to the LLC
  • Internal distributions handled by owners

What Cannot Be Done

MoveZen cannot:

  • Change splits without documentation
  • Pay owners "off the books"
  • Split funds temporarily or inconsistently
  • Redirect payments casually

These safeguards protect everyone involved.

How This Appears on Statements

Each owner will see:

  • Their portion of income
  • Their deductions (if applicable)
  • Their net disbursement

This supports clean tax reporting.

Related article: https://know.movezen360.com/how-to-read-owner-statement

Planning for Ownership or Banking Changes

If ownership or banking is changing:

  • Notify MoveZen early
  • Submit documentation before disbursement processing
  • Expect one payment cycle for changes to take effect

Planning ahead avoids delays.

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