Updated over 8 years ago on . Most recent reply

How do you do your banking?
I'm curious to know how you do your banking with multiple properties. Currently I have 1 rental and am aggressively viewing others to purchase. I have a seperate bank account (no LLC) in which I deposit and pay all things associated with my 1 rental. Once I move to 2 and then 20 and then 200, how do you do your banking?
I don't think it makes sense to have 1 account for each property. I would imagine you have 1 account for all properties and manage just 1 account and use quick books or some other kind of accounting software techniques. Just asking in case there are different pros and cons to various banking strategies before I move into multiple rental world.
Thanks! Great website!