Buying & Selling Real Estate
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 over 4 years ago,
Where do you bank for Real Estate? Does it matter?
I'm closing on my first rental property this week and will open a new account to keep real estate accounting distinct from my personal accounts. I could go with a local bank or credit union (I'm in San Antonio, so there are plenty to choose from), relying on the benefits of face to face relationship as I build out more real estate business. Or I could choose a big name with potentially more sophisticated services for rent payment and broader availability. Anyone have great experience to share either way? Any banks offer something you really like? Anything you'd do differently or avoid if you were starting over? Thanks in advance!