Andrew Katz
What year do I count income for?
My tenant paid a portion of their rent for December on 12/31/24 (late). I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?
Daria B.
PM refuses to log tenant reimbursement properly
The PM refuses to log the utility reimbursement from tenant properly, is this really a big deal?I pay the utility directly, for reasons of ensuring it gets paid and is not the issue here.The tenants receive a bill cop...
Ed Tamayo
Chase Bank and SDIRA LLCs
Hi,I went today to open a checking account at Chase Bank and I was told that they do not serve SDIRA LLCs. I have opened accounts for the same LLC in two other banks in the last two years and I had no problems with it...
Joel A.
Where do you park your money? In replace of a savings account.
Ive been trying to figure out where I should keep my savings where I can maximize its growth and am really curious to hear where you think is the better place to do so. I want to keep the money as liquid as possible...
Heather DeGeorge
Collecting tenant bank account information
We've moved back to advertising and screening our own tenants and we are trying to get smarter about it. I KNOW I saw somewhere in these forums a good case for collecting tenant bank account numbers during the applic...
Keri Aiken
Banking in the state of your LLC. Can it differ from your home state?
Hello anyone have a business bank account in their home state for a WY LLC.
We have a LLC set up in WY for our family management company. I set it up there for the privacy that WY offers from 3rd parties. As a holdin...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
James Palassis
Deducting Expenses Before First Purchase
I am planning on purchasing my first rental property within the next 6-8 months. Right now I am leaning on purchasing in my name without going the LLC route at this time. My question is... since I will incur expenses ...
Rebecca Samarelli
Open Bank Account for New Rental Property?
Hello,My husband and I just purchased our first rental property (!!!) and are planning on doing some renovation work in the next few months.We currently have the funds in our own separate personal bank accounts. Shoul...
Joe Gee
Finished Fix and Flip, not sure how to calculate profit
I have a fix and flip completed and sold today but I am not sure how to calculate the actual profit. The cost of the house was 210k I borrowed 34k for the rehab. I would use my own money then the lender would fund it ...