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Updated over 10 years ago,
Bank accounts for vacancy and maintenance
When buying a rental property for buy and hold purposes and being from out of State (in my case out of country), when I find a bank to set up an account with, is it ok or suggested, to use the same account for both your vacancy and maitenance amounts that you put in there each month or should these be kept separate? My only concern would be having fees on 2 separate accounts!?
Would appreciate any and all thoughts.
Thanks guys!!