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 ...
Hello All,
I have a few questions about organizing and allocating rental payments.
Since I am new to this world, I wanted to see how others are keeping track of everything.
1. Is there a standard ...
Should I open a business checking account before I purchase a rental property
Good evening everyone, how do you all construct your bank accounts for real estate investing? Thanks!
-Isaac
We were given possession of our rental at eviction court. Tenant (ex spouse) paid a huge deposit including 3 mos rent + 2 mos deposit. The 2 remaining months rent will be used for her final 2 months (Jan-Feb). Tenant ...
i am creating several realty trusts to hold my rental properties (which currently stands at 5)...14 units in 5 properties
my other option would be to creat an LLC to hold the 5 properties...i cant imagine creating 5 ...
I'm about to get a second property online and wanted to keep the two properties in separate bank accounts. I use OwnerRez and could probably set up another Stripe account for that property that deposits directly to a...
Hi,
Sorting out some pieces here and I think we've been staring at this too long so your fresh insights would go a long way.
Took title to property in personal name and now doing some tax planning, estate planning, ...
Hello BiggerPockets community,I have titled this post "The Flow of Money", so it does not get confused with the term "Cash Flow". I have just purchased my first rental property, and am trying to understand how the mon...
I’m a newbie investor closing on my first property this Friday. I had a question about different bank accounts and how to allocate rental income. I am starting an LLC but have decided not to open up a business account...