Banking for multiple properties

[Briana Nasman]

Hello!

I have two rentals and am about to acquire my third. I'm putting them in their own LLC under a parent LLC so I only have to file taxes for the big boy. However, I'm a bit stumped as to what is the most effective and clear way to collect rent and expenses for these. Should I have all expenses and income in one bank account? Open a separate account for each?

Any recommendations for banks with low fees/complicated setups (setting up a Wells business bank account was basically hell) etc? Totally fine with online only banks as they seem to be relatively low headache..  thanks!!