Bank account structure for each property?
Hey guys, probably closing on my first deal within the next month! Super excited!
Anyway my question is this. And I’m sure everyone does this differently but I’m need some better focus than just winging it lol.
How do you structure your bank accounts for the properties?
Do you have one checking for all of them and then move everything such as capex and vacancies into a single savings?
Or do you have a separate checking for each house? I hear Graham Stephan mention using ally bank due to the unlimited checking accounts, which is what made me start thinking of this.
And do you have a separate savings from each expense?
Sorry I know I said a questing not multiple questions lol. Just making sure I’m clear on what I don’t understand.
Thanks guys!