Zach Steinberg
Should I open up another bank account?
Hello!I plan to buy a duplex soon to begin my real estate journey. I understand that I should have a separate bank account from my personal checking/savings, but based on my research, this first deal won't necessarily...
Daniel Raposo
Managing Multiple Property/Owner Accounts
Hi BP,I've looked through a bunch of the forums and haven't really been able to address my question, so I was hoping someone here could help me out. I'm also going to double check with my attorney on this, but was hop...
Himanshu Singh
Tax advantages for STR/Airbnb owners
Hello All, Quick question to see what others are doing for optimizing tax advantages for STR. Background:We got a second/vacation home during the pandemic and now its ready to go online as an STR in the Russian River ...
Kelvin Williams
Newbie Closing on 4plex
Hello All! I’m closing on my first rental property 4plex that I will be house hacking living in one of the units. For the rental income and to keep everything separate. The property will be in my personal name. Shoul...
Mike X.
Security deposit and last month rent in Florida
My tenants provided me sercurity deposit and first / last month rent at lease signing.As I understand that Florida law require that security deposit to be held in separate bank account. But I'm not quite sure if last ...
Account Closed
Looking for Advice from Experienced Landlords
Hi all,I am seeking information on how to set up bank accounts for rental properties. I have opened a separate account for my first rental property, but I'm not sure if I should open up a second account to deposit th...
Chris Koetsier
Transferring Funds between LLC’s
Hi fellow investors,I would like to better understand the risk of piercing the corporate veil between multiple LLC’s. I have 4 separate LLC’s, 3 are single member and the fourth is a 50/50 partnership with my sister. ...
Andy R.
New Jersey Security Deposit
I have a rental propert located in Nj. and I am in the eviction process with a tenant. I do not have their security deposit in a separate account and they just sent me a letter a few days before the court hearing tell...
Angelo Llamas
Do you need a bank account for every property
Me and my 2 brothers are starting to invest an we are curious as too as we start acquiring more an more properties do you need to have a separate bank account for every property or how do you keep track of them other ...
Travis Turnbull
Security Deposit Holding
Hi everyone,
Just wondering what has worked best for holding your security deposits. I am an investor from Missouri and wanted to see if I could get some feedback on where other investors hold their security deposits...