Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 8 months ago,
Advice for Business/Checking Accounts for Rental Property
Hello All,
My cousin and I partnered up and purchased our first rental property in western Massachusetts. He is local and will be fulfilling landlord duties. I am remote (living in Reno, NV) and will be handling all accounting/finances.
CPA recommended we open a joint business checking account under both of our names to keep tax season simple. Any recommendations or experience on good online banks with high APY for this purpose?
NOTE: We planned on using Turbo Tenant for tenant management.
Thanks in advance for your help!