Separate bank account for each property?

[Jake S.]

Should I set up a separate checking account (savings too?) per property I acquire? I was planning to hold a few properties per LLC, in 1 bank account

And then when I get a few more properties with a new LLC, put them in a separate checking account.

I have and will have property managed by a property manager who will provide monthly/annual statements

Just wondering if I should be getting an account per property

[Kim Meredith Hampton]

Jake,

I would do just one. Just make sure you have a good system that lists out each individual unit and your proceeds or bills from each