Managing Your Property
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Rental Income and security deposit account
What is the best way to set up rental income and security deposit account? I need to transfer rent money into my personal account as well to pay bills. Should I use the same bank or a different bank?. I just don't want the accounts to be mixed up if I used the same bank. Basically I need a place where it is easy to do accounting when tax season is here.
I only have one rental .
I am a new property manager! Thanks in advance for any help .