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Updated over 5 years ago, 04/01/2019
Bank account management
Hi all,
I recently inherited 28 apartments units, a commercial property and an industrial warehouse property all of which we rent. Right now, we currently only have one bank account for everything! After reading the bigger pockets books and learning that I should be putting money away for vacancies, upgrades, repairs, etc...should I have separate bank accounts for security deposits, vacancies, and maintenance? Should I have all these accounts for the commercial, industrial, and apartments?
Thanks for the help!