Bank account strategy for multiple rentals properties
Hi BP Family,
I had a question about bank accounts for rent collection. I recently purchased two rentals and I have a third under contract. I have my personal checking accounts and business checking accounts for an LLC I created for business and real estate. Properties are all in my personal name. I'd like to have my business checking account show money coming in so I can build it up for credit/future loan purposes. Do you have the rent deposited into your personal checking account, one business checking account, or do you have individual business checking accounts for each property? Thanks for your advice.