Should I open separate bank accounts for each property?

[Rueben Pacheco]

Just curious as I'm about to start renovating and BRRRR my second property. I'm wondering is it better to just open another checking account to keep it separate from my first home? Than just continue to do that going forward for every house after? OR keep it all flowing through one checking business account. OR You have some even better way!

School me please.

Thank you

Rueben

[Dawn P.]

@Rueben Pacheco You'll probably get several different answers, but I personally just use one checking account for all my rentals and one savings account to keep all the security deposits in. The thought of keeping up with a separate account for every house gives me a headache, lol.