General Landlording & Rental Properties
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 8 years ago,
New Duplex Owner First investment
Hello! I recently bought a duplex in the Suburbs of Philadelphia as my cherry popper. I live in the downstairs unit and rent the upstairs unit. I have a few questions surrounding basic bookkeeping.
I did an FHA Mortgage since I did not have enough capital to purchase through my LLC.
Should I create a separate bank account to keep the my tenant's security deposit in?
Can I run things through my LLC as the property management?
I have a hundred other questions, but I guess I really just need a CPA who is involved in real estate investing.
Does anyone have any recommendations for a CPA in the Delaware County, PA area?
Thanks in Advance!