Putting properties in separate acconts

[David Rutledge]

I just recently finalized the purchase of my first two investment properties. Both these properties are long term buy and holds. I just wanted to get a sense from experienced investors out there on how you guys go about organizing your properties and the bank accounts the rent is paid into and the mortgage is taken out of.

I was thinking of opening separate savings accounts for each property so I can clearly evaluate the financial performance of each property specifically. I have been told that this would also be easier for tax purposes.

As I am sure many of you can appreciate there is so much to learn for a new investor like myself and I find myself having to make new decisions every few days. This is the first time I am doing all of this so I am just interested to see how you experienced investors go about this. Do you recommend having one account for all or is it easier to open a separate account for each?

Thanks so much everyone.

David