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Updated almost 4 years ago,

User Stats

20
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0
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M Ness
  • Fort Lauderdale, FL
0
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20
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Best bank for landlord?

M Ness
  • Fort Lauderdale, FL
Posted

I'm hopefully acquiring my first property very soon. Although the property will initially be in my name, I will be forming an LLC to manage the property, and opening a separate bank account for it. I will eventually transfer the property to the LLC as well.

My state requires that tenant security deposits are kept in separate accounts and not commingled. I know CitiBank offers Landlord banking services for precisely this. Does anyone use them for this? Any other suggestions for banks? I'm looking for a banking solution with no fees, if possible.

Thanks.

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