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If MoveZen Manages Multiple Properties on My Behalf, Can Funds Be Transferred From One Property to Another to Cover Repair Bills?

Even when the same owner holds multiple properties, trust accounting rules require that each property’s funds remain completely separate.

Audience: property owners with multiple properties who want to know whether funds can be shifted between properties to cover repairs or shortfalls.

Short answer: no, and that restriction is intentional.

Here's why that matters and what options property owners do have.

Frequently Asked Questions

I own both properties, why can't funds be shared? Because trust accounting law treats each property as its own financial entity.

Can MoveZen temporarily move funds and put them back later? No. Temporary transfers are not allowed.

Does this apply even if both properties are profitable? Yes. Profitability doesn't change trust requirements.

Are there any exceptions? No. This rule applies across the board.

Why Funds Cannot Be Transferred Between Properties

Under North Carolina trust accounting law:

  • Each property has its own ledger
  • Funds cannot be commingled
  • Expenses must be paid only from that property's balance
  • Audit trails must remain property-specific

Even with the same owner, transferring funds would violate these rules.

What Happens If One Property Needs Funds

If Property A has a repair bill but insufficient funds:

  • Funds cannot be taken from Property B
  • An owner contribution may be requested
  • Repairs proceed once Property A is properly funded

This keeps accounting compliant and transparent.

Why This Rule Protects Owners

Keeping funds separate:

  • Prevents accounting disputes
  • Protects each property's performance data
  • Simplifies tax reporting
  • Reduces audit risk

It also ensures that no property unintentionally subsidizes another.

Common Owner Misconceptions

  • "It's all my money anyway"
  • "Just move it back next month"
  • "This will only be temporary"

These shortcuts aren't allowed—even with good intentions.

What Owners Can Do Instead

Property owners with multiple properties often:

  • Maintain reserves at each property
  • Plan ahead for large repairs
  • Retain disbursements temporarily
  • Send owner contributions as needed

These approaches achieve the same goal without compliance risk.

How This Appears in Your Statements

Your MoveZen Owner Portal will show:

  • Separate ledgers per property
  • Property-specific balances
  • No cross-property activity

This clarity is intentional.

Financial Independence Per Property

Rather than thinking in terms of pooled funds, the most effective approach is:

"Each property must be financially healthy on its own."

This mindset leads to better long-term performance and clearer financial tracking. MoveZen maintains strict separation of property funds to ensure compliance with NC trust accounting laws and to provide accurate, property-specific financial reporting for tax and investment analysis purposes.