Hi, I have a small property that I am renting out and was wondering what type of bank account should the rental income go into? A general checking/savings account or to a business account? From what I understand, the state of California doesn't require a specific account. After reading around online, it seems people definitely establish something like an LLC if they manage multiple properties and collect in a business account, but I wasn't sure if that was overkill for one rental property. Thoughts?
