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Updated over 6 years ago on . Most recent reply

User Stats

52
Posts
14
Votes
Don Carey
  • Rental Property Investor
  • Chesapeake, VA
14
Votes |
52
Posts

need advice on having separate accounts for vacancy, capex, etc.

Don Carey
  • Rental Property Investor
  • Chesapeake, VA
Posted

Hey everyone. Im looking for advice on having separate accounts for vacancy, repairs, CapEx etc. Do you have a separate vacancy, repairs, CapEx etc account for every property or does all your vacancy, repairs, CapEx etc funds go to the same account for all properties?

Thanks in advance!

Most Popular Reply

User Stats

290
Posts
185
Votes
Dick Stevens
  • Rental Property Investor
  • Haverhill, MA
185
Votes |
290
Posts
Dick Stevens
  • Rental Property Investor
  • Haverhill, MA
Replied

You’re over complicating things.  Just have a business checking account and pay your expenses from that account.  You could setup a separate savings account to save for future large repairs.

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