What banking products do you use to manage multiple accounts within your portfolio?

[Sainath Muntha]

Hello Investors!

I am looking for advice and your experiences on which bank you use for your real estate investments?

Here is my situation:

I open an LLC for each of my investment properties and for each LLC I need a bank account.

I do not want to go down the route of using a traditional bank and open a new bank account with say Wells Fargo unless I have to.

I have tried baseline banking which allows you to open one "account" and have multiple accounts within that (one for each LLC). I have however run into issues like transfers being rejected by Baseline (from one of my own accounts in a traditional bank) when all the information is correct. Baseline customer service was of no help.

I want to understand what products do you use? And how has your experience been?

Thank you in Advance!

[Daniel Johnson]

I use Baselane. It has been a game changing tool for me. I transfer via ACH/wire all the time with no issues. Curious why you need a brick and mortar bank? Paper checks/bill pay? They are working on adding that functionality right now. I find that I can take care of most things inside of Baselane, and initiate transfers into and out of using the Baselane website.