Nina Ning
An applicant with credit score of 770 but no proof of past rent payments
I'm screening applicants for my rental. Actually I have had two applicants so far with great credit scores but couldn't provide bank statement showing rent payment history. I went by the addresses showing on credit re...
Janet Behm
Last, Last Minute Tax Actions
1) Buy Supplies in Advance (to increase expenses and offset income)
How much disposable equipment do you expect to use in 2021? Order it now so the cost is deductible in 2020 if you need to offset income. Buy what yo...
Mohammad Sheatt
Potential tenant with bills in collection
I have a SFH for rent . A young couple are interested. Their income in 3x monthly rent . This background check was ok except that they have several bills in collection (medical, cell phone companies) as recent as 6 mo...
Saran Mandhadapu
How to setup parent and subsidiary business bank accounts?
Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...
Mark Andrews
Can't buy another till 12/1/18
I bought one 4 plex in Phoenix on March 1st of 2015 and its running rather smoothly. Problem, I cant buy another multi family till 12/1/18 because of a prior foreclosure in Nov 2011. Question: what can I do to keep ...
Lee V.
Auto pay for rent payments? Good idea??
hi guys,Does anyone do this? How do I go about setting this up? Is it a good method this is my first rental property
Jon Pinkerton
Comingling rent payment
I recently leased a residential property that is titled in a trust. I was delayed in getting a checking / operating account set up as I needed to consult with my lawyer on the proper name that should be on the accou...
Tom Server
non LLC , use personal checking account to pay mortgage and bills or open a separate
So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...
Matt Gooding
Business Bank Account Suggestions
So I have my properties inside of a LLC and all expenses run through their own business bank account (currently at Bank of America). Due to some recent renovations and a turn my account fell below the 3k minimum and t...
N/A N/A
Start Up Property Management/Beginner Landlord
Well I close in a few weeks on my first rental. It is a duplex with a current tenant and I will occupy the other side (owner occupy). I have tons of books all of which I have read cover to cover, however I would like ...