Fixed up/separated basement and upper floor with separate entrances and created 2 addresses.

This needs to be held separate and apart from any rent proceeds (typically in an escrow or trust account) until the tenant moves out.

(Separate issue, I've been unable to find one that I'm happy with)- I know there are other cheaper/free property management applications and services, but the repair coordination and not needing to be on call is a huge plus for me.- Experience - So far is just awesome.

We rented separately and it worked, but I would not do it again. 

Even then some things don't always fit and you have to come up with a work around.Hire a separate landscaper to finish it all up for better curb appeal**all in all was very happy with outcome & quality** Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Its a separate payment made once home is bought. and they can advertise rates because they have their own in house lenders.

Should we have a separate LLC for this?

I'm planning to have a separate bank account/accounts for my entire portfolio, just wondering if anyone has recommendations for software to use as someone who'll have buy-and-hold and will be working with a property manager?

Separately I have a non paying tenant I am evicting which will cost me c10 months rent but that is another story and buyer beware in dealing with NYC tenancy and housing laws - advice is hire a lawyer from day one of nonpayment.Two questions for the forum:1.

Some cities are very lenient about that and allow building separate structures (i.e. another house).