Eric G.
Best way to pay a vendor from a distance?
Because I'm not local, I have been mailing checks to vendors & workers upon completion of jobs. However, many of them prefer to receive payment immediately upon completion and the mail takes a few days to arrive.(...
Jason Ross
Segregating Security Deposits
I have a rental home. I have a mortgage, operating/checking account, and savings account all with the same bank. I have the tenant's security deposit segregated in the savings account, while rent, mortgage payment, an...
Scott Trench
Reasons Why Real Estate Investors Should NOT Use Bank of the West
Bank of the West has ticked me off an amazing amount of times given the small amount of business I currently do with them. So, I'm going to keep a running list of grievances here in a forum thread. Hopefully, this thr...
Nahal Beckam
Tenant has withdrawn money from my account instead of depositing
Hello, I asked my tenant to pay the rent online. Gave him my wells fargo bank account and routing number. then he said his chase bank has sent me two small deposits to verify my account. so I gave him the amounts of t...
Rachel Luoto
Help me make a great Christmas gift!
Our bookkeeping is a mess! So for Christmas, I’m making a binder to keep all our information in one spot. So far I’ve got:
By property:
Listing when bought
Copies of keys
Copies of leases
Move in move out condition ...
Justin R.
Where do you park money in the short term?
For those who have built up some capital, when you're buying and selling properties / notes / whatever and there's $$ laying around that you intend to put to work later, where are you holding it?
The problem I'm seei...
John Underwood
Self directed IRA rent payments
For those that own houses in their Self Directed IRA how do you receive rents?I currently make these tenants deposit into my local IRA bank account.This is a checkbook LLC IRA.Wondering if I could have a seperate Zell...
Ed Tamayo
Chase Bank and SDIRA LLCs
Hi,I went today to open a checking account at Chase Bank and I was told that they do not serve SDIRA LLCs. I have opened accounts for the same LLC in two other banks in the last two years and I had no problems with it...
Andrew Reis
Opening Up Tenant Escrow Account before choosing tenant
Hello - I am told I can open a tenant escrow account before choosing a tenant. How do I open a tenant escrow account without having tenant W9, a SSN and a birthdate? Called one local bank who said I would need my SSN ...
Percy N.
PA Rental Security Deposit Escrow
PA Landlord Tenant Law states:68 P.S. § 250.511b§ 250.511b. Interest on escrow funds held more than two yearsCurrentness(a) Except as otherwise provided in this section, all funds over one hundred dollars ($100) depos...