The first rule of managing your real estate investment property is to set up a separate account for it Don't commingle your rental monies with your personal monies. It's too hard to keep them straight, and it can be difficult later on to explain things if the Internal Revenue Service has a few questions.
The first rule of managing your real estate investment property is to set up a separate account for it Don't commingle your rental monies with your personal monies. It's too hard to keep them straight, and it can be difficult later on to explain things if the Internal Revenue Service has a few questions.