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Updated almost 4 years ago,
Best bank for landlord?
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.