Jacob Beran
How to deal with one tenant moving out and the other staying?
Hey everyone!I currently have two tenants in a unit who pay separate utilities and rent under the same lease. One tenant is moving out, while the other is staying.I have a few questions as the lease wraps up:- How do ...
Rick Via
How to structure bank accounts
I'm a new investor in Fort Worth, TX. I just bought my first SFH and am about to buy a second. I'm wondering which is the best way to structure the bank accounts. These first properties are in my name and not an LLC o...
Chukwudi Motanya
Multiple Bank Accounts
Hello Bigger Pockets,I just got my 2nd house a few weeks ago and now trying to get the business management side of the process settled. I wanted to ask, for investors with multiple properties, do you keep a separate b...
Scott Goulet
security deposit question
hey BP, just had a quick question; I have 2 properties now. 1 being a primary residence and 1 being a rental. I am super excited for the future and cant wait to get more into owner financing and buying some multi-fami...
Lilla Horvath
Bookkeeping Security Deposit
Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...
Rueben Pacheco
Should I open separate bank accounts for each property?
Just curious as I'm about to start renovating and BRRRR my second property. I'm wondering is it better to just open another checking account to keep it separate from my first home? Than just continue to do that going ...
Austin Davis
Business Bank Accounts questions
Hello BP,My brother and I are starting our business together and just got our LLC established. I have a couple "getting started" questions about getting a business bank account that I would like opinions on. 1. Is ...
Tom Server
security deposits for triplex.. how many saving accounts are needed?
If i have a triplex and receive the tenants security deposits.. do i need to open 3 separate interest accounts with the tenants information? Or do I open any saving account with all 3 units ?
Ray M.
Would I be double taxed?
If I were to direct deposit money from my 9-5 job into my business bank acct. Would I be taxed on that money 2X....Once for personal and once for the business?Also, would this violate keeping personal money/business m...
Steve DellaPelle
First/Last/Security - What to Charge?
Hello,I am reading into what is allowed by the State of Massachusetts for charges such as first/last/security...I understand that:1. I can collect a security deposit = to rent2. This security deposit needs to be place...