Hi everyone, I'm currently on the search for my first small multifamily for a House Hack. I've have followed the forum as well as the podcast for a while now, a topic that I have not heard yet or (missed) is what's th...
I'm buying my first 2 unit rental this week. A question is come up about the security deposits. The question is, do I need to keep each individual's security deposit separate, in separate accounts? I was talking to t...
I have one vacation rental and looking to add a second property. We currently have an checking account for VRBO/Airbnb deposits that's part of our personal accounts (though it's a separate account). Our state requires...
Hey there guys,Hate seeing good money sitting and doing nothing, granted that is the purpose of a 'deposit'. Are we allowed to invest tenants security deposits? We have enough liquid cash personally to cover any loss...
I'm curious if most of you have separate checking and savings accounts for each property or just a separate account for your personal finances and one for all of your real estate? Do you use CDs for your security depo...
Hello,Coming pretty close to purchasing my first buy and hold investment property. Had a few questions I started considering to make this transition go smoothly:How should I make purchases in my new small business? ...
Right now I have 2 vacation rentals and one long term rental. Each has a separate bank account. After some research I've decided to consolidate. Should I put all 3 houses in one checking account (mortgages maintenance...
I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
I am new to the landlord business. I just bought a property & inherited 3 tenants in one unit. One roommate wants to move out & be off the lease. The lease is valid until 31 Dec 17. 2 other roommates have...