All Forum Posts by: Michael Coritz

That would be awesome! Thanks a lot!

Matthew - thanks a lot for the response and for your service! Would you mind if I direct message you through here and we can chat? Seems like you did the same thing I have started doing and would like to continue to do during my career! Thanks!!

Hey everyone - I’m in Navy flight school over in Corpus Christi right now but was hoping to get in touch with some current real estate investors in the south Texas area to pick your brains! Let me know if any of yall are available! Thanks!

awesome - yeah I figured since its just a single property and not incorporated in an LLC a business account wouldn't make sense or even be possible for this. so thanks. I have just been using a separate personal account and will continue to do so! appreciate it!

Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!

I have one rental property that was purchased with a VA loan and was my primary residence for 15 months and is now a rental property. I currently am just renting at my new duty station. The lease I currently have with the tenants at my rental started on Aug. 31 and is a 12 month lease. I have a property management company running the property for me.

As far as having my accounts in order goes, does it make sense to set up a business account to run all the rental property transactions through even if it is just a single property (and no, I don't have it as part of an LLC)? Currently though everything is run through the management company portal and I just receive a monthly check like usual. Or does it make sense just to have a separate personal checking and savings strictly for the rental property?

Additionally, regardless of if the rent checks I get are coming to a personal or business account, should I be paying the actual mortgage payments with the account strictly for the house or with the current personal checking account I have been doing so for the past 15 months? Thanks!