Francis Poblete
Starting Out - Property Management Collection
Hello,I am a 1st time landlord working with a local property management company in Maryland, USA for my 1st rental. I wanted to know if the practices of this management company for collecting rent is sound. I would li...
Alex M.
Multiple Entities (LLCs) in QuickBooks
Has anyone attempted to use one instance of Quickbooks for multiple entities, such as LLCs? I'm struggling to figure out how to best set this up, and do not want to purchase (or have to manage) two separate accounts.
Account Closed
Email scam almost cost me 1 million dollars
I’m in escrow and today I almost got scammed out of 1 million dollars +.A scammer intercepted some emails and pretended to be the escrow officer from the title company. They sent me wiring instructions for over $1 mil...
Cody Lown
Owner leaving property management company. Where does deposit go?
Hi,
I've got a general question that I could not find on here. I apologize if it has been asked previously. Generally speaking, if a rental owner decides to end his/her professional relationship with a property manag...
Abdulmatin Sanni
Understanding What Escrow Is
Hello, I need some clarification on what escrow means and when it comes into play, is the escrow period after the contract has been signed but before closing? and do all buying and selling real estate transactions inv...
Salvatore Giancola
Tax account in Ontario
I've done my own taxes the last few years. Used td's software and TurboTax free software. It was easy for me, single guy only 1 income from my day job. Now with 2 rental properties, I'm thinking that I should get my t...
Jessica Singsavatdy
multiple LLCs, one airbnb account
For those of you who have multiple properties under multiple LLCs, how are you managing financials and books since airbnb only distributes funds to one designated bank account?
Libby Baugher
Quickbooks Pro setup if you use a property management company
Hi all, I finally purchased my first rental properties this past Fall after researching and learning for the last 6 months. I have 3 properties (2 sfh and 1 duplex). Now I’m ready to setup my quickbooks so I don’t hav...
Corey Duran
Can I have multiple LLCs operating out of one bank account?
With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
Justin Kushner
Business Checking Accounts, Credit Card’s & Logistics
Hello, BP Community!Okay- Here’s what I’ve got...Let’s say, for arguments sake, you’ve got 5 LLCs all holding SFHs. AL LLC 1AL LLC 2IN LLC 3IN LLC 4IN LLC 5Now let’s say you’ve got a WY LLC Holding Company, parent/pri...