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Updated over 4 years ago,

User Stats

10
Posts
2
Votes
Steven Eastman
2
Votes |
10
Posts

Checking and Savings Accounts

Steven Eastman
Posted

I am looking for any advice and ideas for checking and savings accounts for rental properties for purchase and management stages. My questions include:

-Do you have a separate savings account for acquisitions? 

-Do you have separate accounts for each property?

-Do you separate your reserves, CAPEX, maintenance, vacancy from your cash flow?

BONUS QUESTION: for those of you willing to answer THE question... Do you maintain a single, multiple or no LLC's for your properties? Why?

Cheers from Denver! 

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