Best Business Banks for Rental LLC

[Zachary N.]

Hello,

I am establishing an LLC to house my first rental property and I need to open a business account for housing all the rental related transactions. I operate on Airbnb, FF, and through a direct booking site, so I additionally accept payments in the form of checks, Venmo, Zelle, and PayPal. Which bank would you recommend for a rental portfolio of 3-5 buildings? I was intrigued by Baselane, since they have rental specific software and offer over 4% checking interest, but they don't have physical checks or a physical branch location. Otherwise, Bank of America and Chase seem to be reasonable options.

Please let me know if you have experience with this banks for your rental LLC. Also, please share any advice for streaming rental payments through the business to remove my personal name and presence from the transaction history. For example, should I setup a new business account for all of the apps that I use to process payments? If so, do I need a separate business phone number?

Thank you for all of your feedback and suggestions!

All the best,

Zachary Nora