Ping W.
risk associated with direct deposit to collect rent
I asked my tenant to pay the rent by direct deposit thinking that would be something similar to salary direct deposit but the renter told me that his bank needs to deposit a small amount to my bank and then withdraw i...
Ryan Moore
Property in LLC and refinancing
After I purchased my 4-unit MF a couple years ago, I transferred the deed to my LLC. I may be refinancing sometime in the near future and I was curious if I need to be doing anything with the deed before I apply? Do...
Bryan Satter
Trouble in Philadelphia
Here is a sticky situation - happy to hear any suggestions!I purchased a multi family in Philadelphia. Along with a partner we bought in the name of an LLC. Borrowed some private money (family, friends, etc). After ma...
Jackie Hung
Electronic rent payment vendors - eRentPayment or alternatives
Hi, I am currently using eRentPayment. I have just leased to a new tenant and this is a tech guy but he was having a hard time getting it set up. I am partly to blame as I didn't send him the email template that I got...
Trace P.
Source of funds to LLC Bank Account
Hi BP friends,
I have recently set up my single member LLC and opened a LLC bank account. I have questions with regards to funding my LLC Bank account. I have some cash in my personal bank account and some cash from...
David Blue
Title transfer to LLC
With the recent tax law changes does it benefit me to transfer the title on my investment property mortgage from my name to a LLC? Also in the past most banks were reluctant to give a conventional loan to a LLC and t...
Jayden Hamilton
Best ways to collect rent
What are the best ways to collect rent on time, what apps, websites, etc? Should I use autopay to automate rental payments, if so, how...
Rachel Orvis
Informing tenants of new ownership
What are some ways you all inform tenants (probably considered class C rental) of new ownership? We just got our very first apartment complex and all units are currently rented.
Celese Walter
Chronically late rent payments
Hi, I'm a tenant who is constantly late with payments. Definitely it is on purpose. I used to make the payments on the first but the time the bank opens clashes with the times I have to be at work or its a weekend. My...
David Mathews
Switching to Tenant Depositing Rent
Hello. Needing help on how to notify tenants of a change in policy. I have 2 active rentals and rehabbing my 3rd so I'm still pretty small time. With that said, I do intend to scale up while managing the properties my...