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Updated about 2 years ago,
Best Banks for STR LLCs/Businesses?
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%) |