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Updated about 4 years ago on . Most recent reply

Cheree Harris's profile image
Cheree Harris's profile image
Cheree Harris
  • Rental Property Investor
  • from Oklahoma City, OK
  • Member since Apr 5, 2018
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Cheree Harris's profile image
Cheree Harris's profile image
Cheree Harris
  • Rental Property Investor
  • from Oklahoma City, OK
  • Member since Apr 5, 2018
Connect
Cheree Harris
  • Rental Property Investor
  • Oklahoma City, OK
9
Votes |
59
Posts
Managing Your Property

Separate bank accounts?

Cheree Harris
  • Rental Property Investor
  • Oklahoma City, OK
Posted

Hi!

Are you separating rental payments from your general operating account or depositing all monies from the business, including rents in one account. I only have one rental right now but as I acquire more properties, I want to keep up with the accounting for each property the most efficient way available.

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Simon W.'s profile image
Simon W.'s profile image
Simon W.
  • Real Estate Consultant
  • from Lehigh Valley PA & New York City
  • Member since Jan 14, 2013
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Simon W.'s profile image
Simon W.'s profile image
Simon W.
  • Real Estate Consultant
  • from Lehigh Valley PA & New York City
  • Member since Jan 14, 2013
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
637
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1,312
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Simon W.
  • Real Estate Consultant
  • Lehigh Valley PA & New York City
Replied

@Cheree Harris 1 account per LLC, not per property

  • Simon W.
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Accounting Properties LLC

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CFO LLC

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