Sweta Jain
Taking over from property management company
HI, We are taking over a rental unit from current rent managament company we had hired. I was wondering what is the best way to collect rent going forward. Is it recommended to have a separate checking account for th...
Crystal Zheng
Why a legal 2 family house only has one gas and electricity meter
I think the central air control is only one too. Should I install additional thermostat on the renting unit and better separate the meters. The house is located in Stanton Island NY
M. Joshua Cook
2 Mailing Addresses, 2 Parcels, Connected Building - 2 Loans?
"1" building (2 adjoined halves), with 2 separate mailing addresses, 2 separate parcels - owned in the past by 2 separate people (one person owned each half simultaneously). Could 1 person/LLC get 1 loan per address/p...
Rick L.
Multiple LLC's, Do you have multiple business Credit Cards?
I'm interested to know what other's are doing with multiple rental property LLC's and their credit cards. I have three rental property LLC's, but currently only have one credit for one of the LLC's. I'm really no...
Mike Jamison
Selling rental property before divorce acquired in marriage
If you are married and financially everything has been separate the entire marriage, all assets, home, cars, bank accounts etc.. If you have rental property aquired during marriage in your name only, living in a 50/50...
Todd Swalin
Starting a property management company
I’m in Iowa and looking into starting a property management company. In Iowa i need to have a real estate license to get a property management license. Does anyone know if the property management company can be separa...
Alex Corral
1 bank account per property?
Is it recommended to have 1 bank account per property? Seems a bit cumbersome. How do you guys manage your rental accounts?
Matthew Keeney
Installing seperate breaker box??
I accidently wrote breaker box in the title but I meant to say meter. Not sure how to edit it.The units have separate breaker boxes, I just have to split the meters.Looking at a MFH in Anne Arundel county that's not s...
Dmitry Shatalov
Renting out a basement unit in SFH
We are in the process of closing on the SFH. The house has 2 bedrooms/ 1 bathroom on the main floor, and 1 bedroom/1 bathroom in the basement. Each floor has its own kitchen. The basement has a separate entrance and e...
Khizar Hanif
Managing finances for flips
Hey guys, I have my second flip under contract and plan on growing the business. Since things are getting more and more complex, I need to figure out a system to keep things organized and stay on top of accounting. Ho...