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Hi,Legally, are you required to have a separate bank account for security deposits? If your bank has a minimum balance is it alright to put personal money in the account when you don’t have security deposit money in t...
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Hey guys,I'm about to close on my first property and the realization is finally starting to kick in. I need to get my stuff together.So I was wondering, for those who have one or many rental properties, how do you hav...
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Hi all,
I am under contract to buy a two-family for my first house hack! I will be living in unit #1 that needs TLC and will be renting out unit #2 that is already fully renovated. I have spoken to my CPA and decided...
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Is it recommended to have 1 bank account per property? Seems a bit cumbersome. How do you guys manage your rental accounts?
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Hi Everyone,Quick question. I heard it is a good idea to have separate bank accounts per property. Is this recommended? Are bank accommodating?Thanks!
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How do you all set up bank accounts for rental properties? I am a new investor here in San Antonio. Own a duplex and a triplex. Bought both of these within the last 6 months. I am working on organizing the rents and ...
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Are there any CPA's or experienced investors on here that can help me out with how to setup my bank accounts or offer advice on how you setup your systems for your real estate investments?I'm looking to close on my fi...
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Which bank Is best to open business account? Wells Fargo, Chase or Bank of America?
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Hello everyone,
Me and my partners live in Israel and recently closed our first deal in OH Cleveland, We have opened an LLC in OH and are looking to open a bank account for the LLC for future rental income.Would appr...
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I may be inheriting management responsibilities for a few rental properties soon. The current setup is a mess, with funds intermingled between buildings for cost of repairs, maintenance, rental income, etc.
Is there ...