Setting Up Landlord Bank Account

[Michal Kolenda]

Hi all,

I made this post originally in the wrong section and had no replies, but this seems more suitable. So, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in the past?

Makes sense to me since they have a checking, reserve, and saving account. I would keep the security deposits in the savings account, place some reserve capital in the reserve account, and accept rent and pay expenses through the checking account. However I would like to hear thoughts and opinions.

Thanks!