Jerry L.
Kansas landlords help
I'm getting a property rented in the KC Metro and I'm in the process of looking for tenants.
The question I have is when I collect the first month rent and security deposit, do I need to put that into a separate ban...
James Toland
Starting an LLC/Business Account Questions.
Hello Everyone, I currently own three properties under my name and have a separate checking account for each under my personal bank account. How do I best go about creating an LLC and moving the money in each accou...
Mallory Guerrero
PM & Security deposit
Our PM company and our numbers aren’t adding up... this is from them...
“As we are required to hold the amount of the security deposit, it is deducting from the ending balance each month and what’s left is sent as ...
Greg Meyer
who should keep the security deposit$$
I am an out of town investor. As such, I depend on a property manager (PM) to sign up new tenants, collect rents etc. Some security deposit $$ are in my bank,with a dedicated account and some have been kept with the p...
Alex M.
Multiple Entities (LLCs) in QuickBooks
Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs? I'm struggling to figure out how to best set this up, and do not want to purchase (or have to manage) two separate accounts.
Zachary Taylor
Do you separate your expense reserves from your cash flow?
Hello everyone,I'm wondering how people handle their expense reserves and cash flow. Do you keep it in the same account? Do you separate the two? Do you put the expense reserves in a checking and cash flow into a sav...
Casey Fahey
Escrow for deposit
Hi, I just got my first house rented this month! My deposit is the same as the rent 1,400. I am a little unclear on the law in Ohio for an escrow account. I read if the deposit is under monthly rent you don’t need an ...
Konrad Lightner
First Property - What do I do Now!
Hi Everyone,Just closed on our first property this morning and am wondering what the next steps are.SD IRA won't work because we want this to turn into a full time job where I can live off the properties, and SD IRA's...
Curt S.
Best Online Checking Account
I've just become a brand new landlord and my lawyer is telling me that I need to place the security deposit I received in a separate account.
What is the best online account for this purpose? Ideally one with zero f...
Tim Adams
Setting up bank accounts
Hey everyone, my question is in regards to setting up bank accounts for properties. I am a new investor who is hoping to jump into my first multi family purchase this year, the question that I have is when buying prop...