Ray Realdine
Additional Business Bank accounts or not?
I have an LLC in PA for my rental property and just formed an LLC in New Jersey using the same name and same EIN. My question is do I need to have a separate bank account for my LLC in New Jersey? If so, what is the...
Sheena Lee
Any risk giving bank account number?
In order to make payment easier, I am considering giving the bank account number so that deposits can be made directly. Is there any RISK in giving them the account number? Do you use a separate account just for depos...
Michelle Garcia
Separate bank account to collect rent?
Hi all,
I am curious to know what the BP community thinks about opening a separate bank account to collect tenant rent. I currently don't want to start an LLC yet since I am in the beginning stages (haven't purchase...
Dave Jackson
Property Manager Wants Bank Account Access
Hello Bigger Pockets Community,
I have some multi family properties (total of eight units) and the property management company has a shared bank account so they can deposit rents and then debit expenses with co-sign ...
Anya Kotova
Opening bank account for child LLC
Hi everyone, I have opened a second LLC (child LLC) in Florida, owned by anonymous parent LLC in Wyoming (which is owned by me). I got stuck with opening a bank account for child Florida LLC. Got only one EIN that bel...
Gabriella Borukhov
Should I open business bank account?
What are the requirements for opening a business account for real estate investing? Do I need to show proof of a business license. Any tips and advice will be greatly appreciated.
Matt Tallent
One bank account for each rental?
What is easier and common place? Is it better to have one bank account for all your rentals or a separate account for each rental?Thanks!
Malinda Gibbons
Bank account setup seems too complicated
Hello. I have read some advice on this forum, but I'm still curious how you set up bank accounts in the most simplified way. Right now, based on some advice from the BP landlording book, we have a bank account for eac...
Karla Kahmeyer
# of Bank accounts for each property
Hello BP Pros. Newbie with first post here. How many types of bank accounts do you use for the actual property management/bookkeeping activities? Do you have a checking account, a separate account for Capex etc, and a...
Umer M. Chaudhry
Dynamic Bank Account for collecting rent
Hello Guys,Ideally, I want to set up one account with the tenants, however; be able to control which bank and account # that money ends up going to.Reason: I am dealing with multiple banks for loans, HELOCs etc. I u...