My wife and I are taking over the property management our rental properties from the existing property manager. Our question is about setting up bank accounts. We live in WA state and our personal banker said that if ...

Hi BP Community, Towards the end of this month I will be closing on my first duplex to House Hack in the Minneapolis, MN area. So far I  am remaining confident in my numbers/reserves amidst the current conditions and ...

This is a very specific question, but probably not all that uncommon a situation especially for LLs who specialize in student rental.I have a new tenant who's a foreign student.  They're on an F1 visa, and I've confir...

Hi guys, so I’m fully renting out my first multi family property and now I’m living in my second multi family property (house hacking). I have separate checking and saving from my personal life which comes from 9-5 da...

When you have multiple rental properties do you have separate accounts for deposits or just one account for rentals deposits and just separate it with your bookkeeping records?

So at the risk of sounding shady, I want to say up front that I have no interest in trying to pull one over on a tenant. My questions is simply this. Is it legal to put a tenant's (or multiple tenants') security depos...

Hey everyone - new investor with some basic questions. I know this probably sounds pretty elementary, thanks anyways!
I have one rental property that was purchased with a VA loan and was my primary residence for 15 m...

Hello BP family,I just started my LLC and now looking into setting up a bank account. I'm going to use a local bank, my question do I need to set up a business bank account or can I set up a personal account for my LL...

Hey yall! I just closed in 2 multi family properties this month totaling 18 units. I need to open account to put security deposits in. Does this account have to be a "trust account" or can it be any non interest beari...

In Pennsylvania, tenants who occupy a rental unit over 2 years are entitled to interest on the security deposit. My tenants signed a 1 year lease, then a 6 month extension (actually titled “lease renewal”), and then a...