How to Pay Myself

[Ralph Miller]

Hello BP Community!  

I recently started renting out 2 of the 3 rooms in my house to tenants.  I also created a business account for myself where I put their security deposits and monthly rent.  I calculate out the utilities and whatnot then I split it three ways and then my tenants write me one big check for rent+utilities per month.  I then pay off the utilities and internet using my personal credit card and then I write myself a check from my business account equal to 2/3 of the utilities and internet. I'm wondering if that is an acceptable practice or is that a conflict of interest by using my personal credit card to pay for the whole amount of the utilities...should I change my practice?  

Thanks for your future advice!  I love this forum!

[Ralph Miller]

Thanks for the advice! I figured that was the right answer!
Since reading everyone's advice, I've called my bank and got a debit card and also separated my insurance so my rental property and umbrella insurance is paid from my business account and my homeowners insurance is from my personal account! That wasn't hard to do!
Once again, thanks for the advice!