Basic security deposit question for a Midterm rental

[Victor Verano]

It's our first time setting up a medium term rental and bought a house with 6 bedrooms that the previous owner had been renting out as an MTR for travelling nurses (by the bedroom). We intend to continue with the same business model. We're not sure how to handle the security deposit. Do we need to put the security deposits into their own separate bank accounts for each tenant? We intend to list on Furnished Finder and use Avail.co to manage. Does Avail.co have a mechanism for holding security deposits?

Thank you. I appreciate any feedback.