Hello everyone,My wife and I recently got married and have all our personal finances are combined (joint checking, monthly budgeting together, etc.). Right now, I own one rental property and I have a business checking...

Tenant claims their bank accounts were seized by IRS and money was garnished for back taxes. A couple rent payments were already late. This will be the third time the rent is late since the money garnished was the ten...

Just set up business account at my bank. Now I have a separate checking account under my LLC. Can’t wait for that first tenant payment to hit!

We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...

HI all ,

I just learn today in NJ I need to get w9 from and put tenants money into escrow account.

Anyone know which is the best bank to do that? And do I have to go in person everytime to open such account?

Thank ...

Not sure anyone else has run into this but I wanted to share. The books I've read didn't mention this and its becoming a bit of a pain. It seems many banks simply do not want business accounts with LLCs holding notes....

I am going from one property to three this month which I expect to get a little more difficult when it comes to following the money.  So, I was wondering how other are keeping track of their banking finances.  I have ...

When looking at expenses related to a property (vacancy, HOA, utilities, PM, repairs etc), how is that set up within a bank account?  Do you lump them into one account and then dip into it when a vacancy or other expe...

Hello,I recently established an LLC and am looking for recommendations for opening a checking account for the LLC. This account is primarily for depositing rent fund. Many of which are paid online, but there are a few...

Hi Bigger Pockets family! I have several bank accounts as I have separate LLCs and accounts for each property. The bank I've been using is not handling the accounts well. It's a challenge to setup multiple accounts un...