It is best to have a separate bank account for rental property to keep personal funds separate from business funds. Avoiding the commingling of funds can help you to protect your assets and make taxes easier. A separate bank account can help landlords simplify accounting and bookkeeping by allowing for better tracking of income and expenses.
If you’re looking for the best bank account for landlords, check out our comparisons and top recommendations.
Also Read: Why Landlords Need a Separate Bank Account for Rental Property
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