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Joe Si
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Same account for security deposit and rent deposit

Joe Si
Posted

WA state requires the security deposit account separate from your other bank accounts. As a new rental property owner, I'll create a new account for security deposit. Wondering though if I can use the same account to have the tenant transfer monthly rent to.

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Julien J.#5 House Hacking Contributor
  • Investor
  • CO
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Julien J.#5 House Hacking Contributor
  • Investor
  • CO
Replied

@Joe Si

I have a separate account for deposits and rental income (my operations' account)

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