Do you still have your rents being paid into different bank accounts and\/or have your property related expenses being paid from different bank accounts?<\/p>\n
One of the best \u2018organisational\u2019 tips for landlords is to run your property business through a single bank account.<\/strong><\/p>\n This means having one bank account for your property portfolio<\/a> and having all the rent and expenditures coming into and going out of this one bank account.<\/p>\n Also, if you use credit cards, make sure that they are linked to this single bank account. Try not to use more than one credit card.<\/p>\n If you do this, then you will save yourself a considerable amount of time as you won\u2019t have to look at different bank accounts or statements when completing your end of year accounts, or when you need to query a transaction.<\/p>\n You are also less likely to miss any receipts or other expenses that you can claim<\/a> for as you will know that everything has gone through the one bank account.<\/p>\n If you are currently operating more than one bank account then it is worthwhile taking a \u2018little pain\u2019 now and getting everything moved to a single \u2018property\u2019 related bank account.<\/p>\n","protected":false},"excerpt":{"rendered":" Do you still have your rents being paid into different bank accounts and\/or have your property related expenses being paid from different bank accounts? One of the best \u2018organisational\u2019 tips for landlords is to run your property business through a … Continue reading