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Updated 3 months ago on . Most recent reply

Tyrus Hampton's profile image
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Tyrus Hampton
  • Member since Oct 11, 2020
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Tyrus Hampton's profile image
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Tyrus Hampton
  • Member since Oct 11, 2020
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Tyrus Hampton
1
Votes |
8
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General Landlording & Rental Properties

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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Scott M.'s profile image
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Scott M.
  • Real Estate Broker
  • from Rochester Hills, MI
  • Member since Jun 9, 2009
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Scott M.'s profile image
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Scott M.
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  • from Rochester Hills, MI
  • Member since Jun 9, 2009
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
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Scott M.
  • Real Estate Broker
  • Rochester Hills, MI
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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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