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Updated 10 days ago on . Most recent reply

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Tyrus Hampton
1
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8
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Banking Accounts / Checking Accounts

Tyrus Hampton
Posted

hey, what's the best setup for bank accounts for rentals? I do know some people suggest having multi checking accounts for long rental properties. What do you all suggest is the easiest and more effective setup?

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2,840
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
2,019
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
Replied

1 Checking and 1 savings account is all you need. Software will do the rest and help you keep it straight.  Having separate accounts for different properties isn't super scalable. 

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