Michelle Hardy
Where do you keep your tenants security deposits?
Hi Everyone,
Right now, I have my tenants' security deposits in separate savings account at an online bank. Is this how most people do it? If not, can you share where you keep the security deposits. Thank you in...
Jonathan L Berhow-Rivera
First Unit!! Any suggestions for collecting rent?
I listed my first SFH and it is officially rented. Im wondering about how to get rent automatically deposit in my account?
Also, would you have a separate account just for real-estate??
I appreciate your comments!!
Aaron Kaplan
Asset Management for mother in laws' properties
Hello BP world:I am a moderately experienced RE investor but nearly all of my investing has been in large scale MFR properties as part of syndications as LP and 1 as GP.However over the past year and more actively int...
Account Closed
Bank accounts for rentals?
I am purchasing a 4 unit and was wondering how to set up the bank accounts for deposits, cash flow and expenses. I have heard of trust accounts and commercial banks....getting confusing. Thanks
John K.
Roommates changing out in large house and security deposits
Let's say you have a house with 4 tenants in a college area, and every year one or two people leave, and their friends become the new tenants (after applying, screening, etc, etc, etc). How do you handle security dep...
Christen G.
Accounting for multiple properties
I plan on putting a call into my tax preparer as well about this, but figured I'd ask you all to start: My partner and I have 2 multi-families: a duplex and a triplex. We're still getting our feet under us and system...
Thomas O'Donnell
Setting up a Checking/Savings Account for Rental
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
Blake Dials
Multiple Bank Accounts
If I am renting a property of mine just under my personal name do I need to set up a separate bank account and pay the property loan, taxes, insurance etc out of that separate account? Or can i just pay everything out...
Griffin Schermer
Bank Account Structure
My partner and I have been discussing how to separate out capital expenditures, repair and maintenance, vacancy, etc. for each rental within our bank. We now have a number of rental properties and are now trying to fi...
Michael Biener
accounting for newbie with owner occupied multifamily
Hi all, i have been lurking around bigger pockets for the last 6 months or so. This site is very helpful, especially for wishful newbies like myself. I finally closed on my first investment property a few weeks ago. ...