Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 over 8 years ago,

User Stats

165
Posts
71
Votes
Tim Ball
  • Flipper/Rehabber
  • Carrollton, TX
71
Votes |
165
Posts

Separate Bank Accounts for Each Rental or nah?

Tim Ball
  • Flipper/Rehabber
  • Carrollton, TX
Posted

Hello BP World,

I am buying my second property which actually is a duplex.  (Congrats).  Thank you.  I have a separate bank account for my first rental because I am taking the advice from Brandon's book on growing your landlord business.  It seemed like a great idea but now that I will have another two doors, with two tenants, I will have to get two new bank accounts?  I guess I could just do one bank account for the entire duplex.  Regardless, as I grow my rental portfolio, it seems very daunting to keep opening up bank accounts for each property address.  Well, not for me so much, but my wife.  She handles all financials.

What are you thoughts?  Should I continue to make bank accounts for each rental or just keep it all in one bank account?  Am I over thinking it?  Should I get a debit card for each bank account?   I get the idea and I like it to keep everything separate i.e. deposits, rent checks, paying for maintenance etc.  I am torn and need yalls help.  Thanks in advance

Loading replies...