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Updated over 7 years ago,
Have a bank account per property?
I am going from one property to three this month which I expect to get a little more difficult when it comes to following the money. So, I was wondering how other are keeping track of their banking finances. I have read that some investors lump all their real estate income into one account. I have also read that that is a bad idea because you lose track of where your money is coming from and going to.
So I am asking what method you use for "banking". I have spreadsheets and I am aware of money tracking programs which is not what my question is. What I am asking is... Do you have a savings and checking account per SFH? How do you decide what money goes into which account?