All Forum Posts by: S Yu

I haven't tried putting the sign out front. I might give that a shot. Didn't really realize you were getting that many hits from that sign.

I'll definately go buy one and give it a go.

Thanks!

What does everyone use to list their rental? I just dipped my foot into this and I have a listing on Craigslist already.

I was wondering if you guys use any pay services or if you actually use a broker or any other pay websites to advertise the rental?

Thanks!

Yea, I will be opening a separate account for depositing this. I already have one for their security deposit. I need to create another one for the rental income/expenses. I will have to have a chat with an accountant/lawyer to see how best approach this.

Right now I am just going to open a personal checking account just for rental income/expenses.

Thanks for all of the replies.

The current tenant has security deposits and the seller gave me all the forms necessary to just do a transfer of the account. I will be doing that later today. I am going to just open a separate account and just do deposits of rents and write checks from there. Damn all these bank accounts...

Hi all

I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm going to take it out of this account.

I will also be paying the mortgage from this account and if I am short, I'm going to transfer money from another account.

Is this a good idea and what does everyone do? I'm just starting out. Thanks

Hi guys, I am about ready to rent out a two-family. I am wondering if you guys recommend any lease agreements? I searched the web and didn't find any great ones.

I will be renting to people in MA.

Any recommendations or point me in a direction would be great.

Thanks!