Financing in Chicago>Question Details

niceapartmen…, Home Buyer in Chicago, IL

Recommended Small Business Bank Account

Asked by niceapartment001, Chicago, IL Thu Nov 14, 2013

Hello everyone, we have a series LLC with each rental unit under each series. Now we are looking for a commercial account to manage all the security deposit, rent, expenses, etc. It looks to us that Citi bank landlord account is really convenient without any minimal balance requirement and no monthly service fee. International and domestic wiring are feasible and it allows you to customize multiple sub-accounts for several rental units. It looks really great comparing to other banks. Wonder if anyone can share their real estate related commercial bank account experiences with Citi bank or other big/local banks? Thanks!

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I use chase for my series llc for investment properties, mainly because I just like chase
1 vote Thank Flag Link Fri Nov 15, 2013
Thanks for sharing! So do you have a chase account for each series? Or all the series are in one chase account?
Flag Fri Nov 15, 2013
It wouldn't hurt to explore your options at credit unions either. Unlike commercial banks, they are generally non-profits and have fewer fee.
1 vote Thank Flag Link Fri Nov 15, 2013
Gold Coast Property Management might have a good answer for you.
1 vote Thank Flag Link Fri Nov 15, 2013
I would be happy to put you in touch with my contact at Chase. Send me your contact info and I will send to you.
Web Reference:
0 votes Thank Flag Link Mon Nov 18, 2013
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