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Updated 8 months ago on . Most recent reply

User Stats

79
Posts
17
Votes
Vasudev Kirs
17
Votes |
79
Posts

What would you do with lumpsum rental income?

Vasudev Kirs
Posted

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?

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