Matthieu Oliveira
What do landlords actually do with security deposits?
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 ...
Kyle Lecy
Bank Account for Security Deposits
Hello, I will recently be purchasing a rental property, and was told that in the state of Minnesota that the security deposits legally need to be put into a separate trust account. However, I can't find any Minnesota ...
Sam Leon
Do you really deal with interest for security deposit?
Was just wondering, if many of here would deal with paying interests for security deposits?
In our Florida standard FAR/BAR residential lease contract there is this...
"If Tenant has paid a security dep...
Josh Southern
Can a new owner terminate a lease upon purchase ?
Looking a at nice muti-family.The good:One 3/2 house with 3.5 year tenets that are month to month right now.Two 1/1 apartments over a 4 stall garage (which is not used by tenets)The bad: after showing but before I pu...
Jalen De Leon
Separate bank account for REI property
Hello!I am about to close out on my first rental property and wanted some advice on storing the cash flow every month. Should I open up a separate bank account? Or is there like a certain type of app that you guys use...
Nick Scannell
House Hacking First Duplex - Should I set up a separate bank account now?
TL/DR - I bought a 3.5 down FHA Duplex, I'll be living in one side and renting out the other. I still need to pay towards the mortgage, but I'm saving money compared to renting. Do folks recommend: 1. Just deposit ren...
Cham Vee
Bank Accounts for rental Properties
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 ...
Viktor Singh
Self Managing property Tax implications
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
Mark Sandoval
New to real estate investing, do I need a business bank account?
Hello, I am new to real estate investing and currently have my first investment property under contract. I read in the book on Rental Property Investing that I should get a business checking account for income and exp...
Taylor Cook
Closing on Rental Property
Hi there! Closing on a rental property on Thursday and the settlement statement shows that rents and security deposits are a debit to the seller and a credit to me. I am the agent for the seller as it is my parents, a...