All Forum Posts by: James Zobrisky

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen. My question is, do you keep your gains in a normal checking account and do not worry about inflation working against that account or do you store funds in a high interest bank account or a mix.

@Stuart Udis thank you! I understand, to clarify the cash flow is not my only source of funds to purchase future deals as I am able to save a large portion of my W-2 income as well and the cash flow from the property is a very small percentage comparably.  Appreciate the advice! 

@Joseph Leibovitch thank you!! That's the strategy I have been aiming towards. Using the returns for future properties, as well as having the funds for repairs when needed. Appreciate the advice, always want to learn as this is my first investment property!

@Bill B. Appreciate the information! 

@Stuart Udis thank you! Little more info, currently the cash flow is a little over $6,000 in the account. Most of the high cost repairs have been done in the last 2 years such as roof, siding, gutters. Appreciate the suggestion! At what point would you suggest considering other avenues with the cash flow. Interest rate on the home is 2.6%, so I don't want to pay down the loan with the additional income coming in.

What is everyone's best advice for where to store your cash flow. I currently have a single family property averaging $330 a month in cash flow which is going into a basic checking account seperate from personal. This account is also used for any maintenance the property may need. Does anyone have any advice on a better strategy to earn interest with the cash flow being produced? Does anyone utilize high interest savings accounts for their cash flow. Any advice or suggestions would be great!

Anyone have a CPA they recommend in the Charlotte area? 

I am considering renting out my primary residence as I am relocating to a new state in June. Interested in advice on landlord insurance, what a good policy looks like, companies to contact for qoutes. Any advice would be awesome!

 Thank you so much for the advice!

Looking for recommendations for property management companies in the Indianapolis market. Looking to rent out my current property, this will be my first rental property! Any tips, recommendations would be greatly appreciated.