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
Short-Term & Vacation Rental Discussions
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 about 2 years ago on . Most recent reply

User Stats

12
Posts
9
Votes
Sarah Pelton
9
Votes |
12
Posts

Checking Account and Business Credit Card Recommendations

Sarah Pelton
Posted

Hello! I have 3 LLC's right now--one for each STR. My plan is to open up a separate business checking account per LLC. My questions:

1. Who do you recommend for the business checking accounts? Is Bluevine a good option?

2. Do you think I need savings accounts for each business?

3. For the business credit card(s), is there a way around opening a separate one for each LLC but still keep transactions separate? Or, best to have one per LLC.

4. Recommendations for best business credit cards? 

Most Popular Reply

User Stats

12,498
Posts
15,247
Votes
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,247
Votes |
12,498
Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied
Quote from @Sarah Pelton:

Thanks, @John Underwood. Do you find that cumbersome from a bookkeeping perspective to keep expenses separate? Any advice on business credit card(s)? I see your point as I scale (and that is the plan). I am trying to balance keeping filing easier and not having an unnecessary number of accounts. 


 I use a Capital One Spark business card. It pays 2% back on everything. No annual fee.

I write on the top of each receipt and add something in memo for checks to make it easy to keep seperate for each property.

  • John Underwood
  • Loading replies...