You can collect rent, do your banking (unlimited virtual accounts), and do your accounting.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

Just about any bank can open a joint account. 

It can just be held in a savings account, no special account needed, but I always keep mine in an account separate from anything else.

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

I recommend two accounts: checking and savings.

@Andrew Watson I have a similar setup - One series LLC to One bank account.

•Set up your EIN and operating agreement.2.Set Up Your Business Bank Accounts:•Open 3–5 business bank accounts to give your money purpose:•Income Account: For revenue and deposits.

Hi Yashira,I have not tried to link my bank account again. 

We have a partnership entity, so it has to file separately and needs balance sheet accounting.