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Updated over 4 years ago on . Most recent reply

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69
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19
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Matt Tallent
  • Real Estate Agent
  • Phila, PA
19
Votes |
69
Posts

One bank account for each rental?

Matt Tallent
  • Real Estate Agent
  • Phila, PA
Posted

What is easier and common place? Is it better to have one bank account for all your rentals or a separate account for each rental?

Thanks!

Most Popular Reply

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2,070
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1,602
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Daniel Hyman
  • CPA
  • Milwaukee, WI
1,602
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2,070
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Daniel Hyman
  • CPA
  • Milwaukee, WI
Replied

Our clients with SFR's and small multi's tend to group into one bank account. Larger multi's tend to each get their own account.

Of course each LLC requires its own bank account regardless of how many properties or doors.

  • Daniel Hyman
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