Dustin Swanson
Advice for Business/Checking Accounts for Rental Property
Hello All,My cousin and I partnered up and purchased our first rental property in western Massachusetts. He is local and will be fulfilling landlord duties. I am remote (living in Reno, NV) and will be handling all ac...
Jason Staine
recommendation of banks for Solo 401k checking account
Not having an easy go of finding a branch that can hold a checking account for our solo 401k. we are in North Jersey. Any recommendations would be great.
Allison Cutlip
Business bank account or regular checking and savings?
My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. I am stumped as to if it is worth it to get a business bank account or just op...
John Lee
Who do you use for your LLC checking account?
Looking to open a business checking account in Southern California (Orange County, CA). We have our LLC set up and close on our first rental property tomorrow.Looking to establish a relationship with a smaller bank t...
Robert Larue
Help Collecting Rent From Tenant Only Using Checking Account
Hi all, Wondering if anyone has any ideas: I have an older gentleman as a tenant who does not use the internet or email. Additionally, I believe he is battling some kind of dementia and he forgets where to send the re...
Eddy Wehbe
If you have $200k sitting in your checking account
If you have $200k sitting in your checking account and wanted to invest them in Florida, what would you look for in a market like the one we have now. - Would you buy 4 condos where you give $50k in each and finance t...
Brandon Turner
Rental Investors: How many Checking Accounts do you have?
Hey folks - I'm thinking of switching up how I do my checking accounts for my rental properties and I'd love to hear from some of you who have multiple different properties. Right now - we run most of the income/expen...
Laci Rossett
Checking account for security deposits from multi unit properties
My question is: should I get one checking account for the deposits of all the tenants in the building or do I get separate checking accounts for each tenants security deposit? I'm asking because if I get a 25 unit apa...
Daniel Bradley
LLC Business Checking Account for Out-of-State Investor
I did some research on BP and found several posts with recommendations for setting up a business checking account for REI. The general consensus is to go with a local/regional bank or credit union to avoid getting pep...
Gala Klein
Checking accounts for vacation rentals in LLC vs. Personal
I have one vacation rental and looking to add a second property. We currently have an checking account for VRBO/Airbnb deposits that's part of our personal accounts (though it's a separate account). Our state requires...