Connor Mckelvey
Sepaerate Checking Accounts For Each Rental Property?
Hello!I have an offer in on what will be my second rental property and I will be purchasing my 3rd later this year. For my first property I opened a new checking account for reserves and for receiving rent payments fr...
Tiffany Miller
Is rent late if posted to account after due date
If tenant pays rent on due date or within period stated in lease agreement but doesn't post to landlords account until after said period is it considered late or on time?
Javier Campanini
Rent Dropbox Compromised
Hello,I have a property manager (PM) for one of my properties that has a dropbox for tenants to drop off their rent. They recently had their dropbox compromised and a tenant's $500 money order (MO) was stolen. They sa...
Jeff Caldwell
Setting up accounting on my first rental
Just closed on my first (turnkey) rental property and I realize it may not be a good idea to have all my deposits and expenses related to this house going into and out of my personal checking account.Any ideas on how ...
Michael McMinassian
Paper Trail
Hello BP,I am saving up some cash every month via paychecks from my job. Every 2 weeks I have a specific amount be direct deposited into another checking account I don't use. My end goal is to purchase my first home v...
Kevin Boyd
How can we manage rents more effeciently?
What is the best way to track rents? Is there a program that tracks direct deposits or automatic withdraws so that if someone doesn't make their payment we get notified? We have several single family homes, but now ha...
Michael Heredia
Collecting rent payments for renting a room
I'm thinking about renting a room in my house. What's the best method to collect rent payments?
What do you all use?
Joseph S.
Converring to Section 8 Housing
We would like to convert our low income housing to Section 8 housing. Has anyone ever approached a current tenant with the idea and explained how it works and there would be mutual benefit? Is this something a propert...
Andy Johnson
Software and ACH Setup
Hello, My husband and I are starting a property management company in the Jupiter, FL area. We have one owner and one tenant so far and we are currently setting up Buildium. I am just curious how most structure their ...
Tiara Murray
Can it really be this simple?
I am about to start my wholesaling journey. I've looked for hard money loans but so far do not really qualify yet. Then it hit me: what about transactional funds? I am aware of dozens of transactional lenders who don'...