Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
How do you do your banking?
I'm curious to know how you do your banking with multiple properties. Currently I have 1 rental and am aggressively viewing others to purchase. I have a seperate bank account (no LLC) in which I deposit and pay all things associated with my 1 rental. Once I move to 2 and then 20 and then 200, how do you do your banking?
I don't think it makes sense to have 1 account for each property. I would imagine you have 1 account for all properties and manage just 1 account and use quick books or some other kind of accounting software techniques. Just asking in case there are different pros and cons to various banking strategies before I move into multiple rental world.
Thanks! Great website!