Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

20
Posts
10
Votes
Matt Allen
  • Real Estate Agent
  • Alexandria Virginia & Washington DC
10
Votes |
20
Posts

Accounting stuff ?

Matt Allen
  • Real Estate Agent
  • Alexandria Virginia & Washington DC
Posted

Do you normally set up a non-interest acct for security deposits and separate accts for each property to collect rent?

Most Popular Reply

User Stats

1,786
Posts
1,444
Votes
Paul De Luca
  • Real Estate Agent
  • Chicago, IL
1,444
Votes |
1,786
Posts
Paul De Luca
  • Real Estate Agent
  • Chicago, IL
Replied

@Matt Allen

What does your lease say? The security deposit accounts I have set up are interest bearing, which I think is typical. And yes you should probably set up multiple checking accounts to keep things cleaner.

business profile image
Magnus Properties LLC
4.9 stars
24 Reviews

Loading replies...