Rental deposit accounts

2 Replies

When you have multiple rental properties do you have separate accounts for deposits or just one account for rentals deposits and just separate it with your bookkeeping records?

We do everything into one account until the asset value gets too big to have them in 1 LLC, then go into another LLC and get another bank account. You can split by Class (property) in Quickbooks) or just track each property separately from an expense and income standpoint

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