Different Accounts For Rentals

[Matt Friesz]

Hello BP, 

Things are moving very fast for me and I need some input. I just acquired my first duplex and was given the security deposit for the one tenant that currently is there. I have four other multifamily units that have accepted my offers. My question is-Do I use one back account for all of the monies coming in/going out (security deposits, rent, repairs, vacancy, etc...)? Or should I have a few different accounts (Security deposits) (Rents collected) (Repairs, maintenance) etc...? Let Me Know!

Thank you!

Matt