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Updated about 2 years ago,
Separating Money for Properties
So with my business, I have 2 separate bank accounts per property. I put deposits in one for each property and try to ignore that money altogether as my ultimate goal is to be able to give that back to the tenant. I use another account to place rent into and take expenses (mortgage, etc.) out of.
As it grows it will be quite a few accounts to pay attention to, but so far it's working. What do you do? How should I change my model going forward with more properties/units?