Different Bank Accounts for Different Properties?

[Alec Hilliard]

Hey you guys!

About to acquire my 3rd rental property!

My legal structure looks something like this *pictured below*

My question is this: 

Do I need to have separate bank accounts for each rental property, LLC?

& do tenants need to make checks out to "rental property 1, LLC" or to the holding company, LLC?

How are you structured? 

Thanks!