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HomeForumsPersonal FinanceHandling funds for different rental properties
Justin Sumulong's profile image
Justin Sumulong's profile image
Justin Sumulong
Pro Member
  • Investor
  • from Chicago, IL
  • Member since Jun 4, 2015
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Justin Sumulong's profile image
Justin Sumulong's profile image
Justin Sumulong
Pro Member
  • Investor
  • from Chicago, IL
  • Member since Jun 4, 2015
Connect
Justin Sumulong
Pro Member
  • Investor
  • Chicago, IL
13
Votes |
35
Posts
Personal Finance

Handling funds for different rental properties

Justin Sumulong
Pro Member
  • Investor
  • Chicago, IL
Posted Mar 2 2016, 08:47

When one owns multiple rental properties, would it be recommended to have multiple checkings/savings accounts for each property or can more than one property be handled in one set of checking/savings accounts?

I understand different states may have different laws/regulations for this. In my situation, I live in Illinois but invest out of state. I am just looking for any general advice, pros/cons, thoughts, etc.

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