1 Bank account or multiple for rental properties
Hi,
I'm curious to how some of the landlords on here handle their finances.
Do you have one bank account that receives rent or multiple accounts for each property?
How do you handle expenses? Do you use a separate account or separate credit card for each property or same that covers all?
Do you have another account to separate and put aside money for IRS?
I would be interested to get an understanding as to how some landlords/Investors handle multiple rental properties and what method works for them.