Budgeting for expenses

[Zevi Arem]

Hey so I haven't done any deals yet and I was wondering what people do when they budget on a monthly basis on their rental properties for Repairs,Property Management,Capex,vacancy...etc. Do they have checking accounts for each budgeting category for each property they own, or is there a way to manage all the budgeting categories under one bank account you open up for that property when you buy it. Can quickbooks be used to do this? Thanks in advance

[David Zheng]

as far as bank allocations I have 4 accounts. income/expense, management, CAPEX, and Deposits

my breakdown is of cost to rent is

10% CAPEX, 5% Vacancy, 10% Management, 2% maintenance/LLC, and General utilities I calculate on a property to property basis.