Seperate bank accounts

[Account Closed]

About to embark on my first REI. Do you guys recommend I open separate bank accounts for each property? I'm planning to buy two in the next 6-9 months. Also, how do you handle rent payments. I've read a lot of blogs and listen to BP podcasts but have a dumb simple question: should I open a PO BOX or give tenants my home address? Concerned about sharing too much about myself in case a tenant goes crazy one day since I'm looking to buy in low-income areas. Suggestions?

[Emily B.]

I would open a different account for each entity (LLC) that I own. I plan to utilize a PO box to keep the business seperate from my home and have recently learned about USPS PO box street addressing (which you'll need to see if you can get it where you're at and you have to opt-in for it). This allows the removal of "PO Box" and uses the street address of the post office, then the number of the box. It looks a little more professional from the sender's standpoint.