Minneapolis, MN · Member since 2016 · 19 posts · 8 votes
How do other investors organize banking transactions with multiple properties (single family, duplexes, 3/4 units)? Do you set up separate business checking accounts for each property or property class or do you run everything through a single bank account? Same with credit cards - does anyone have a dedicated card for making purchases for each property?
Real Estate Agent · Crozet, VA · Member since 2014 · 436 posts · 223 votes
9y
I think I've heard of setting up a separate account for each property. I personally don't do that. I have two accounts which each get deposits from several properties each. Once you get to LLCs I think that's where you need to be specific on which account money comes from.