Updated about 9 years ago on . Most recent reply
So...how many bank accounts do you have?
We are getting ready to buy property number two, and possibly number three in the next couple of months. My wife feels like we should have a bank account for every single property we own. I guess that is fine with 2 properties, but down the road, i feel like having 10 accounts for 10 properties will get confusing. Just looking for some advise, not the account balances. HA. Thanks all!
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I have one for long term savings, one for investing in stocks, and one for rental income. A good option is to use online rent collection software. I have recently asked my tenants to start using cozy.co. It's free and would help track rental income on a per door basis.