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Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
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Hi all,I have a potential seller interested in doing a rent to own agreement. I plan on wholesaling this to another buyer. Is anyone willing to share a sample of a contract that they use for this type of agreement? Al...
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Hi I just won a bid on a house. I have cash but what is the best options for me to put it all in the bank without having issue with irs or bank regulation.
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Hi all,I recently picked up my first single family home rental property in Washington State. I have a question regarding the account needed for holding a security deposit. The state of Washington requires security dep...
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Hey Folks,Curious to know how those of you with LLCs manage your bank account(s). Do you have a business checking account where rent gets deposited and a separate savings account where you hold the security deposit? W...
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Hi guys,I am looking into my next park deal. The current owner is transitioning the POH's into RTO's and has 4 already in place. My question is- wouldnt the deposit's currently held by the owner on these contracts tra...
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BP,
I'm nearing the date of when I'll be leasing out my property, and brushing up and finalizing my To-Do-List. In the state of NJ, the tenant's security deposit must be deposited in either:
1) Shares o...
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I am starting to grow my rental portfolio and am looking for online alternatives to hold security deposits. I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a securi...
Does anyone have a damage and repair price list for student renters? I rent out in Boston and don't have enough experience to price out a list of things. I'd like to compare or at least see what most people price out...
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Hello everyone. I'm closing on my first investment property in two weeks. Thanks for all the help leading up to this. Question: I'm inheriting tenants in one of the units of the building. The seller has offered t...