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Updated over 2 years ago on . Most recent reply
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What so you use your “cash account” for/ what do you use it for?!
how should you use your cash account? What do you use your cash account for?
I have 6 units 5 long term and 1 STR. Im starting to see a decent amount of cash flow (average is a little less than 10k) I pay some utilities and some tenants pay there own. Obviously have mortgages, taxes etc. I am in the process of getting a business credit card. Should I start paying for everything on this credit card then pay it off monthly with the cash account? Does anyone recommend a specific use for a company card?
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- Investor
- Shelton, WA
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i do exactly that. Pay everything on the appropriate credit card, earn a cash discount and pay off the card monthly from the appropriate business account. I get 2% Cash back on my Capital One card and 5% on my Amazon card.