Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

security deposits for triplex.. how many saving accounts are needed?
If i have a triplex and receive the tenants security deposits.. do i need to open 3 separate interest accounts with the tenants information? Or do I open any saving account with all 3 units ?
Most Popular Reply

Evan Polaski
#5 Multi-Family and Apartment Investing Contributor
Pro Member
- Cincinnati, OH
- 3,491
- Votes |
- 3,826
- Posts
@Tom Server, as JD noted, in Ohio, I put them in my one and only account that I have for my properties. That being said, like most things with being a landlord, if you are a decent person treat your tenants like people, remain communicative and respectful, make necessary repairs, it is highly unlikely you will ever get sued or anyone will ever question if you did everything by the book.