Separate account for each property?

[Steve Fitzgerald]

I have a short-term rental property and a long-term rental property. Right now, income and expenses are coming out of one account for both properties. From an accounting perspective it seems to be working ok, but is there any reason to have one bank account per property?

[Patrick Liska]

Steve,

 Then it is OK to have the one account, just have a way to separate the expenses for each property in your accounting software, as @Carl Fischer mentioned, if you use Quickbooks assign each property as a class or if you use quicken rental property each one will have it's own TAG and just assign a tag to the expense.