Escrow Accounts for Rental Properties

[David Stafford]

Hi All,

I'm looking to purchase a number of smallish rental properties and I'm curious as to the general consensus (or rules, as it were) to the incoming rental checks -- do I open an escrow (or simple checking) account for each property or one account for all properties? I will open at least one to avoid commingling personal money with business money but I'm not sure where to go from there. Any help would be greatly appreciated. 

Thanks!