I have decided to start managing a few of my own properties and I want to know how you all have your bank accounts setup for your record keeping purposes? I have one account for the LLC. I also have one established fo...
Just completed Craig Curelop’s book on House Hacking (great read) and I’m wondering how I keep my finances separate with a business account without having an LLC or Articles Of Incorporation? First house hack and just...
Hello BiggerPockets!I'm currently looking at properties to house hack as I start my journey into real estate investing. Because I am just starting out I want to be proactive and lay a good foundation that makes it eas...
Hi BP members, I have just created LLC and holding LLC. I am trying to open the bank account for this newly created LLC and was wondering if there is any banks which is better than others. I was thinking chase , wells...
Hello everybody,I was wondering if anybody knows if i could assign one of my personal accounts to my LLC and just use it for LLC purposes? or do i need to open a brand new account?
I have a colleague with multiple properties. She has one bank account per property and has zelle connected to each account using a different email. The issue is that the bank allows a maximum of 5 email address and sh...
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...
Good afternoon friends, I've been combing through the forums looking for recommendations on the best/most recommended bank accounts to use for rental income but have not had any luck. So I figured I'd post this and se...
Hi BP,I have 25K in Huntington bank, which I think is a relatively small local bank. Should I move my retirement account to a bigger bank or wouldn’t it be affected by the potential local bank crisis? I had to move my...
I wanted to start using Zelle but was unable because i tried to connect the app to my business bank account. Does Zelle only allow a personal bank account to be used? But most LLs will have their properties in LLCs...?