Bank recommendations for house hacking and future rental properties

Charleston, South Carolina
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Bank recommendations for house hacking and future rental properties

Kevin Zapolski
Member since 2025 · 3 posts · 2 votes

I have recently started to house hack my current home and plan on buying a second house to rent out in the near future. I have just started my LLC and I am looking into bank options. Does anyone have any bank recommendations for my business account?

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Aaron ZimmermanBusiness Member
Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
1y

I would recommend any bank that uses zelle for their business accounts. Zelle is absolutely crucial for paying contractors/tradespeople in my experience. 

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  • Rod HanksBusiness Member
    Insurance Agent · Dallas, TX · Member since 2013 · 743 posts · 462 votes
    1y

    The best banks are the local 1 or 2 branch small community banks. Start there first.

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  • Aaron ZimmermanBusiness Member
    Accountant · Chicago, IL · Member since 2018 · 2k+ posts · 1k+ votes
    1y

    I would recommend any bank that uses zelle for their business accounts. Zelle is absolutely crucial for paying contractors/tradespeople in my experience. 

    [email protected]
    Brick House CPAs53 Reviews
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  • Patrick Roberts
    Lender · Charleston, SC · Member since 2019 · 1k+ posts · 1k+ votes
    1y

    South Atlantic Bank and Bank of South Carolina. South Atlantic is a small bank that operates throughout coastal SC only, and Bank of South Carolina only operates in the CHS area if I remember correctly. I currently have accounts with South Atlantic and a good relationship with one of their VP's, and I'm actively discussing a line of credit for leveraging RE notes with Bank of SC. Good experiences with both so far. 

    I recommend setting up accounts at a few different banks and using them for redundancy. It's not uncommon at all for a bank to flag investor accounts for risk/prohibited transactions and freeze your banking services. You want to make sure you have some redundancy in place for an immediate cutover to ensure operations continuity. 

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  • Jason MalabuteBusiness Member
    Accountant · Los Angeles, CA · Member since 2016 · 2k+ posts · 897 votes
    11mo

    I agree — every year there’s at least one round of “bank collapse” headlines, so it’s smart to think about stability. Larger banks like Chase or Bank of America definitely provide peace of mind for liquidity and long-term safety. That said, smaller community banks or credit unions can sometimes offer better customer service and faster loan decisions — especially for investors doing multiple projects or house hacks.

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