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Does anyone have success with having a business account at a large bank? My partner and I are looking for a bank to store cash as well as create a business bank account. We are hoping for the bank to possibly fund our...
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I was recently able to secure three rehab deals in Baltimore, MD. I have an investment partner who is also a commercial contractor but interested in diversifying doing residential development and future buy and holds....
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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...
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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...
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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!
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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...
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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 ...
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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....
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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 ...
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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...