General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago, 10/27/2022
Should I set up a Checking/Savings Account for my rental?
I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have any tips on if I should do this or how I should go about it? I currently bank with Wells Fargo but where I'm at in Ohio there isn't many of them. I was thinking of opening something up at a new bank specific to my real estate and keeping my wells Fargo personal. Would love to get some experienced investor thoughts! Thank you.