Just listened to one of BP's podcasts and they talked about not co-mingling personal funds with property funds. What's the best way to keep everything organized and separate?Any thoughts would be greatly appreciated.

I've contacted two attorneys so far and I've yet to hear back so I figured I would post it here too. The Delaware landlord-tenant code states: "Each security deposit shall be placed by the landlord in an escrow bank a...

Basic bank account structuring:Can Checking and Savings Accounts for individual properties be within the same institution from which I do my personal banking?If so, can the Savings Account for one property designated ...

How do you guys/girls setup your business bank accounts? My questions are:Do i need an LLC for a business bank account? Can i hold multiple security deposits in one account? the money wouldnt touch my personal account...

I am using the Quicken Rental Property version to track my rental properties. For every rental property I am utilizing three accounts: checking account; loan account for the property and an asset account for the prope...

Hello BP:

I am in the process of trying to streamline my book keeping process from my real estate investments. Thankfully my real estate investments have prospered over the past few years. I currently have 25 units a...

Hi guys!!!We are about 2.5 years in on our buy and hold RE journey and currently under contract on units 5 & 6!!! When we bought our first 2 units (a duplex) I opened a checking account and 2 savings accounts for ...

I'm *almost* under contract for my first rental!  Hubs' and my finances are through Ally Bank. Love it being online and our savings acct rate is 4.2%.  I've read that I should open a business savings and checking at a...

I learned some formulas on this site. Like what percentages to estimate for repairs and cap expenditures etc.   I have 1 business checking account and 1 savings account for my 4 family building.  I keep the tenants de...

Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit ...