Setting Up Landlord Bank Account

[Michal Kolenda]

Hi all, 

I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in the past?

Makes sense to me since they have a checking, reserve, and saving account. I would keep the security deposits in the savings account, place some reserve capital in the reserve account, and accept rent and pay expenses through the checking account. However I would like to hear thoughts and opinions. 

Thanks!