While a personal account is acceptable, setting up a separate account specifically for rental income can make bookkeeping and tax reporting easier.Regardless of the payment method, always provide tenants with receipts for their rent payments.Keep detailed records of all rental income and expenses for tax purposes.Consider implementing a consistent rent collection policy to avoid confusion and ensure timely payments.Be aware of local laws and regulations regarding rental properties and rent collection in your area.

My strategy is to invest in markets with strong future appreciation potential and areas where population has been consistently growing with some cash flow.

@Theresa HarrisThat, I will definitely do after consistently hearing same advise from others above.Read all the books.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Buying properties directly takes both a lot of skill and a lot of work, at least if you're going to minimize risk and consistently earn strong returns.

It shot up in 2021 and 2022!

Now, its the opposite and I don't waste time arguing over $100 and have referrals consistently.  

If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Just shot you a DM, would love to connect and talk through it to make sure I'm not missing anything.