Kim Van Natter
Charging rent for a shop on home property
I'm looking into buying a fixer upper house which has a large shop on it- 36' x 48' x 16' (could store a boat or other vehicles, could be a workshop space, etc.). Also slightly rural, 30 minutes from Coeur d'Alene, on...
Noah P Bonds
Need advice: spilt utilities vs add a utility fee.
Plan is to sell in the next 5 yrs or so. Trying to split gas & electric utilities so tenants pay their own.Trouble is doing so may cost 10k or so. It will eliminate me having to pay their bills though, which are r...
Jim G.
Rental ADU (in-law) Utilities
Plan to build a new detached ADU (or so called in-laws unit) in my San Jose rental home. By city's rule, it is qualified for $700sf 1B/1B detached. I plan to put 1 shower, 1 dishwasher and 1 wash/dryer. Again by ru...
Jaren Woeppel
Best Bank for Lanlords
Hello Bigger Pockets,
I was wondering what people think is the best bank out there for landlords/property managers. For instance, what bank makes it easiest to manage every renters separate deposit and have separate ...
Jeff Bragg
Do I need additional LLC
I am a GC and a home inspector, we own a construction company. We are just about to purchase our first flip, we are currently renovating our primary as a long term property. I have received different advise on forming...
Lorinda Fields
LLC formation question from Florida
Hi All,I am looking to form a single member LLC for my home flipping business but I wanted to know if I can use the same LLC for my "buy and hold/short term rental" business?
Andrew W.
Texas Series LLC - Bank Account Recommendation?
Hi Texas investors! Can anyone recommend a bank in Texas that will allow me to setup separate checking accounts for each Series of my LLC? I've setup an LLC with a separate series for each of my rental properties (2 s...
Shawn H.
SMLLC Tax election with CPA
I created a Single member LLC at the end of last year. I called my CPA to ask about any consequences transferring from husband/wife to SMLLC (myself as the sole member). He mentioned that I would have to choose partne...
Brian Bonetta
Rentals, LLC's, and Bank Accounts.
I am new to real estate investing , and I am wondering how others structure each of their rental properties. 1) Does each rental have its own LLC? 2) Do you create separate bank accounts for each property, under the ...
Sarah Acosta
1st Rental Property Advice
My husband and I just closed on our first rental property last month. We are wondering from a financial standpoint, should we open a business bank account or just a superare personal bank account to keep all finances...