When having multiple rental properties how do you separate you CapEx funds?
I feel like it can get dangerous having all properties savings in one account, but I feel like there has to be a better way than having a separate account for each property.
I can see this being easy with one or two rentals, but what do you do once you get in to the 5-10 range.
Thanks for any feedback!
Hi @Brock Jenkins , there are basically two ways to do it so figure out which way is better for you. You can have multiple bank accounts (per property or lumped together). Each would be designated for cap-ex, repairs, vacancy, etc. Or you could hold everything in one account and have your Quickbooks, Excel, or whatever financial software you are using tell you how much is designated to each bucket within your account.
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