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Updated over 5 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Michael McIntosh
  • Rental Property Investor
  • Lake Orion, MI
12
Votes |
35
Posts

Bank Account Setup when Self-managing

Michael McIntosh
  • Rental Property Investor
  • Lake Orion, MI
Posted

I have decided to start managing a few of my own properties and I want to know how you all have your bank accounts setup for your record keeping purposes? I have one account for the LLC. I also have one established for all security deposits (I'm in Michigan). Should I consider one account per house to more easily track income/expenses per property?

Thanks in advance for you feedback!

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