Jonathan B.
Multiple bank accounts on LLCs ? holding structure question
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
Jacob Morgenstern
Looking for the perfect Upsell software for short term rentals.
Calling all PMS software companies, users and upsell apps!I have an upsell dilemma that I have not had success finding the perfect solution as of yet. At B&D Property Management, we would like to upsell grill clea...
Mary Jay
Proper way to do distributions
Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
Alexi Schreier
Property manager asking to be an authorized signer
Hi all,I’m about to close on my first out of state rental and have been in contact with a property management company to manage it.For accounting purposes, the PM is asking me to open a business account at a local ban...
Lewis C.
LLC Formed, what next?
Hello all, Looking for some help for the BP folks....My business partner and I currently own 4 rental properties, which we plan to put into an LLC. The LLC has been filed with the State of TN, and once it has been rec...
Daniel Ng
How to handle a dispute with a Utility company that landlord never sign up for?
My friend has a rental property. On the lease the tenants are suppose to pay for the utilities.
The Gas company sent him a termination notice stating that the Gas meter was tampered with, and he has to paid $300. He ...
Keri Middaugh
LLC structure in Michigan, juggling the bank accounts
Hello, everyone, my question is about how to structure my rentals and flips in 1, 2, or more LLCs. I've perused the forums and haven't quite found what I'm looking for. Ideally, I'd have a simple system that does no...
Deidre M Lewis
Robs method of financing
Had anyone used the Robs as a method of financing and if so who did you use and how did it go?
Josef Torkelsen
Bank Operating Account
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
Bellman Tumasang
Collecting rents with a property management company?
Let’s say my property rent not NOI is $1m a year.
All tenants pay online using an online service or app etc.
I have a property management company that I pay 10% so $100k.
As the property management company manage...