Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

216
Posts
117
Votes
Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
117
Votes |
216
Posts

Accounting

Nuhan Demirkan
  • Rental Property Investor
  • La Plata, MD
Posted

Hello,
I have 10 single family homes as rentals. I opened a checking account for each property to manage its rent collection and to pay its expenses, ie: mortgage, maintenance, etc. Each month I scrape these accounts and transfer the cash flow to a savings account for future investments. My question is with general expenses that I have that is not attached to a particular property ie: my R/E license fees, equipment maintenance, accounting, etc. Should I open a general checking account for these types of transactions and distribute the cost evenly across the properties for P&L purposes? That would make one more checking account to keep track of. Any suggestions?
Thanks,

Nuhan

Loading replies...