Updated over 3 years ago on . Most recent reply
Checking or Savings or Both?
What type of account does everyone utilize to keep their rental capital/money separate? Do you utilize another personal checking account, personal savings account, business checking account, etc.?
Most Popular Reply
Bruce Woodruff
#1 Contractors Contributor
Pro Member
- Contractor/Investor/Consultant
- West Valley Phoenix
- 14,649
- Votes |
- 12,385
- Posts
I'd have a business checking for money in/out, everyday expenses, etc. And a business savings for CapEx stuff.
Separate credit card (s) for the business as well. one with miles and one with points......
@Chris Seveney is probably right technically, but I'm old school and like a separate account for each property/job etc...at least until you get past 5 or 10. Works with my brain better.....



