In terms of record keeping, everything becomes a lot easier if you have a separate bank account that’s used solely for property transactions. Any normal current account will do: just have the rent as the only payment coming in, and expenses going out as direct debits or charged to the associated debit card. If you have a linked savings account, you can also get in the habit of regularly transferring funds across to cover tax and/or serve as a contingency fund. Whether you do the bookkeeping yourself or let your accountant handle it, it’s a lot easier when the transactions are separated rather
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