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Updated about 8 years ago on . Most recent reply

User Stats

36
Posts
7
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Jean-Marie Poth
  • Investor
  • Saint Louis, MO
7
Votes |
36
Posts

Pulling income out of my rental account

Jean-Marie Poth
  • Investor
  • Saint Louis, MO
Posted

I am a new landlord and my rental bank account is just starting to gain a little momentum.  I keep it separate from my personal accounts.  Apart from keeping what I need as far as mortgage, taxes, insurance, and cushions for the unknowns, how do I know how much I can actually start pulling as personal income into my own personal  bank account?  I have left it as its own entity since I started it a few months ago.

  • Jean-Marie Poth
  • Most Popular Reply

    User Stats

    5,544
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    Jeff B.
    • Buy & Hold Owner
    • Redlands, CA
    2,364
    Votes |
    5,544
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    Jeff B.
    • Buy & Hold Owner
    • Redlands, CA
    Replied

    KEEP your estimated CapEx and a petty cash fund, but you can write yourself checks or auto-deposit the rest to your personal account (suggest a monthly figure).

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