Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Sean Linnehan
  • Investor
2
Votes |
5
Posts

Seeking recommendations for banks to use for multiple bank accounts

Sean Linnehan
  • Investor
Posted

Each of my rental properties is held by its own LLC, and each LLC is owned by a holding company that sits at the top (which is owned by me). Each LLC needs its own bank account, but as I scale, I am looking for a better bank that allows me to more efficiently manage multiple bank accounts. I currently use Bluevine, but I have separate logins for each account, which is cumbersome. I would like to have one login where I can access multiple accounts from the same dashboard, or something similar. Curious how other investors with multiple bank accounts handle this and any recommendations for banking institutions you may have. Thanks!

Most Popular Reply

User Stats

17,723
Posts
15,273
Votes
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
15,273
Votes |
17,723
Posts
Chris Seveney
Lender
Pro Member
  • Investor
  • Virginia
ModeratorReplied

From my research the largest single tenant lawsuit case was in California for $3.8M. The cases which had significant dollars were all blatant discrimination cases or negligence.

If you hire a good property manager, do your property inspections and have a good insurance policy your odds are very slim. I worked for a multibillion dollar family office with over 2,000 units and office / retail etc.

Lawsuits for slipping on the sidewalk when icey are common - owners never paid a penny it was always done through insurance.

  • Chris Seveney
business profile image
7e investments
5.0 stars
12 Reviews

Loading replies...