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Results (7415)
Dave Garlick What account pays for common expenses
15 November 2017 | 16 replies

I just closed on my first deal consisting of two duplexes next to each other but they are on separate parcels. We did do two separate conventional loans which was recommended by the lender. I know there are a lot of o...

Sami Gren Giving your routing & account number to tenant
16 May 2019 | 21 replies

Would you give your routing and account number of your bank account to your tenants, so they can deposit their rent straight into your bank account?

Ethan Griffel Seperate banks account for properties
9 August 2022 | 17 replies

For book keeping or any other reason is it advisable to keep a separate checking/savings account combo for each individual property? Interested to get peoples opinions. Thank you!

Bobby Bohren Help with rental income and expenses logistics
26 April 2021 | 3 replies

Hi All! Quick question. 
Do you recommend having two separate blank accounts set up with multiple properties under one umbrella? Basically one account for incoming rent and expenses, but the other for capex, maintena...

Tripp Warren Types of Bank Accounts for revenues?
18 January 2023 | 3 replies

Hi all,  I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...

Mark Updegraff Management Company, your input requested on accounting practices
14 June 2012 | 3 replies

Hi All, I recently formed my Management company to separate the liability from the properties themselves. I just want to throw this by you to make sure I'm doing it right. After all, I don't want to end up having t...

Heidi Vitela Tenant security deposit
23 September 2022 | 21 replies

I just purchased my first investment property, a triplex in Baltimore county. I have inherited wonderful long term tenants. The seller mailed me their security deposits plus interest and now I am wondering: A) recomme...

Peter K. North Carolina security deposit law?
20 November 2017 | 5 replies

I own a duplex, no LLC, for security deposit, I read online that for NC it needs to be in a trust acct or a bond for that amount? Can I not put it in a separate personal savings acct? Would that not suffice?

Beau Ordemann Holding Security Deposits in Baltimore MD
8 September 2020 | 6 replies

Hi BP!  
We are doing our first rental in Baltimore City where we will be managing directly.   We've received the security deposit from our tenant and are trying to determine where to put it.  
I've read on maryland...

Scott Esmail Turning security deposits already held in to last months rent
23 April 2017 | 8 replies

I own several rental properties and tenants have given me 1st months and security deposit when they have moved in, I now am holding a lot of security deposits that have amounted to a good amount of casht, I understand...