Bank account setup seems too complicated

[Malinda Gibbons]

Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for each property, but it doesn't always cash flow enough to pay the mortgage from that account...so I end up transferring money to a different account to pay the mortgage. Same for big expenses. It just seems overly complicated and confusing. We have 6 doors which are basically duplexes on 3 different properties. Thank you!

[Bill B.]

I only have a dozen properties so I still use just one checking account. (And one CD for my sole MN property which requires the security deposit be held separately.)

With one checking account, one credit card, and Quicken it basically takes care of itself. Quicken download all the transaction and asks you to allocate it to the correct property or a general expense.