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Updated over 4 years ago,
Checking and Savings Accounts
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!