I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
When you start purchasing short term rentals is there a certain amount of bank accounts that you have for your monthly expenses associated with the property? And if so what type of bank accounts should you have for th...
I buy each house I buy/renovate/sell in a different LLC, solely for the purpose of the investment. When I close, I have to open up a new business bank account, just to deposit the money, only to close the account week...
I am about to close on a Triplex and was wondering how I should go about managing my bank account and mortgage payments. Should I create a new account and have the mortgage come straight out of that and all my tenants...
I am about to close on a Triplex and was wondering how I should go about managing my bank account and mortgage payments. Should I create a new account and have the mortgage come straight out of that and all my tenants...
im currently buying a property and after i purchase it I will be transferring the title to my llc but the banker is telling me that I can not transfer the loan into a llc in addition to the title. They are requiring t...
Hi everyone,
Just a quick question about bank accounts and bookkeeping...so, with rents coming in and having to account for regular expenses as well as cap ex on each property, etc. do you end up having multiple ban...
Hello,I am in contract with an investment property and the under writer is asking for source of deposit on large deposits into my account 3 months ago. The deposit was from loan returned by my own brother that i lent ...
I am looking to see what others do in NH for holding tenants security deposits. I have a four unit building , And I am wondering - do I need to create four different interest bearing savings accounts to account for in...
Is it best practice to have a dedicated bank account for each property, or Is it acceptable for one main account with solid book keeping?