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Updated 8 months ago on . Most recent reply
What would you do with lumpsum rental income?
Hello:
My tenant paid six months of rent as a lumpsum amount. I own a business checking account to manage rental income. I do not have any imminent capex or big ticket maintenance items (fingers crossed!)
What would YOU do with this rental income? Bank is offering me a 4.7 APY 7-month CD which is not a lucrative offer but that would be an option. I just don't like the idea of letting this amount sit in the bank and at the same time I don't want to mingle it with personal brokerage account.
Any suggestions or creative ideas?