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Updated about 2 years ago on . Most recent reply

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Best Banks for STR LLCs/Businesses?

Kelsey Goldstein
Posted

Hello! About to create an LLC and purchase my first STR - curious what banks people use?

Per Avery Carl's book "Short Term Rental, Long Term Wealth," I plan to set up the following bank accounts:

Set Up Revenue Bank Account (22%)
Set Up Taxes Bank Account (30%)
Set Up CapEx Bank Account (3%)
Set Up Cash Reserves. Bank Account (20%, until 6 months’ worth of reserves)
Set Up Profit Bank Account (25%)

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