Hello all, my wife and I are new here. We are looking forward to learning a lot here. First, a quick summary of our situation. We own two rental properties here in our home town. My wife's father has been managing our...

Hi, all, I see in this forum many people are recommending form a LLC and use the LLC to hold rental for asset protection purpose. In doing so, one of the main step is keep all the funds separate from personal funds, w...

Hi all,After a year of studying and hesitation (I will admit that), I finally pulled the trigger and got a duplex under contract! This will be my very first investment property!Here is a quick question: do you create ...

What is the best way to setup up bank accounts for rentals.  I have my main personal account.  I also have another bank account at a different bank just for closer convenience.  I have a 3rd bank that I just opened up...

I am in due diligence period on my first investment property.  My question is: should I send all my funds into my business checking account to use it as the down payment and closing costs account?  Or just leave it in...

Hi,I have been taking payment from tenants via venmo to my personal account.  Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties.  My legal advisor is a...

I recently bought a two family house under a single member LLC, mainly to protect personal assets in the event something happens. I live in one unit while the other unit I plan to either airbnb or find a long term ten...

I am a new landlord and my rental bank account is just starting to gain a little momentum.  I keep it separate from my personal accounts.  Apart from keeping what I need as far as mortgage, taxes, insurance, and cushi...

I recently created an LLC back in February and have questions about taxes and bookkeeping, such as do I absolutely need to have a business account or is it ok to spend from a personal account so long as you're keeping...

My lender is warning its clients that it will no longer accept payments from a business bank account, which is how I’ve been paying the loan since its inception many years ago. They insist I must pay using a personal ...