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Updated about 5 years ago on . Most recent reply

User Stats

29
Posts
10
Votes
Connor Mckelvey
  • Rental Property Investor
  • Boulder, CO
10
Votes |
29
Posts

Sepaerate Checking Accounts For Each Rental Property?

Connor Mckelvey
  • Rental Property Investor
  • Boulder, CO
Posted

Hello!

I have an offer in on what will be my second rental property and I will be purchasing my 3rd later this year.

For my first property I opened a new checking account for reserves and for receiving rent payments from my property manager. Should I have separate checking accounts for each property?

Please, no advice about forming an LLC unless it applies to both an individual and an LLC.

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