I'm wondering how PM companies in California are dealing with the trust account requirements for rents. It seems that there are very few banks which actually offer these types of accounts, particularly very few large ...
Hi guys, so I’m fully renting out my first multi family property and now I’m living in my second multi family property (house hacking). I have separate checking and saving from my personal life which comes from 9-5 da...
I have a question for all of the landlord's out there. I just bought my 1st rental property. I plan on eventually putting my properties under an LLC. How does everyone handle their income? By that I mean, do you se...
Hi,I am going to be using a HELOC to fund my next property. The HELOC came with two starter checks in the mail I am able to use. How would I actually go about accessing the HELOC funds for the down payment? Would I ne...
Hello! I'm going nuts here trying to figure out how to properly set up a statement that shows my cash flow. In particular, we have a reserve (escrow) account that we put money into each month the year before to cover ...
Hi all,I wanted to use cozy for rent collection but one of my tenants uses a debit card to pay. What is the cheapest/best way that I can collect the rent? I need to collect the rent in a few days so a quick response w...
Pet insurance probably isn’t a top priority for you right now. Your budget might have health, car, and home insurance, but pet insurance? Is it really worth the cost? Today we talk to David, an engineer and part-time ...
I'd first like to note that I am not yet a landlord, but looking to buy a property to rent out before the end of the year.I have some questions on how you handle your vacancy/maintenance/capex reserves? For example, ...
Hello BP, I am interested in learning from investors what their preferred business bank is. My company is getting started in the DC metro area, and I want to know if others have a real estate friendly bank they use. W...
Hello friends. Upon preparing your paperwork for the bank for proof of funds... what if you do not have statements for investing and retirement accounts? Does this mean you should open a investment or retirement accou...