Bank accounts for Rentalshttps://lukeko.com/19/bank-accounts-for-rentals 0
- 2 accounts, one operating account and one escrow account
- use account software with a chart of accounts to track each property
- When you need personal money, write a check from your operating account to yourself and mark it "Drawing" or "Draw"
- Keep everything in the account and use bookkeeping to know what is where
- One checking for operations, and two savings, one for reserves and one for tenant deposits
- Separate accounts for each property