Hi BP!So I understand the 50% rule, my question is how long to we keep socking money away in that account?Also, do you combine all units' money together into one account?  Do you open a new account for every piece of ...

Hi all, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in th...

I have a rental in a solid C area. A triplex. We've been marketing since mid-december. I've got a good applicant who wants to apply, but she states that neither her or the roommate have a bank account. They're young (...

Hello everyone I’m in the process of purchasing a rental property in Idaho I have an Idaho LLC and need to open a bank account but I live in California and they want me to register in California Does anyone have any s...

What is best bank for operating rental account.  I am at PNC now and they hit me with fees in my escrow account that was opened for security deposit.  It was 20.00 per month for being below 2k balance.  It was not not...

My wife and I are taking over the property management our rental properties from the existing property manager. Our question is about setting up bank accounts. We live in WA state and our personal banker said that if ...

We've moved back to advertising and screening our own tenants and we are trying to get smarter about it.  I KNOW I saw somewhere in these forums a good case for collecting tenant bank account numbers during the applic...

Hello BP Family,This week my Bank of America Business account was frozen and then closed out of the blue. When I called into customer service they gave me a number to call. When I called there was just an automated me...

My name is Todd Haskell.  My wife and I are new to the real estate business and have started making offers on a few duplexes and condos. What is the recommendation for each property in regards to banking?  Is it wise ...

One per property?  One per LLC?