Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

211
Posts
129
Votes
Kyle Grimm
  • Investor
  • St. Louis Mo
129
Votes |
211
Posts

Please Help! How many bank accounts do I need? How many do you have?

Kyle Grimm
  • Investor
  • St. Louis Mo
Posted

I am curious to know how many bank accounts some of you more experienced landlords have?  I know there are some beginners who will open up a new checking account for each property they buy.  But beings my goals are set a little higher than a handful of properties, this doesn't seem realistic. 

How is the best way to structure my business?  Should I just dump all rents into the same checking account that I pull out of for expenses such as rehab and maintenance to my properties?  I will be using a program called Buildium to manage my properties but before I can set it up I need to figure my structure out.  Any advice would be appreciated!   

Loading replies...