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Updated over 6 years ago on . Most recent reply

User Stats

100
Posts
20
Votes
Jeremy Anan
  • Rental Property Investor
  • Maryland
20
Votes |
100
Posts

Where should I open the Business Accounts to manage my Rentals?

Jeremy Anan
  • Rental Property Investor
  • Maryland
Posted

Hello BP - 

I am planning to open an Operating, a Security Deposit and a Cap Ex/Reserve business bank accounts to manage my first multifamily rental.

My question is... Is it suggested to open these accounts at a different bank or open them with the lender who has financed the property? 

Thank you

  • Jeremy Anan
  • Loading replies...