Matt Friesz
Different Accounts For Rentals
Hello BP, Things are moving very fast for me and I need some input. I just acquired my first duplex and was given the security deposit for the one tenant that currently is there. I have four other multifamily units th...
Heidi M.
Renting to my college student child with roommates
We recently purchased a condo near the university my son attends so he can avoid paying the rediculous rents in the area. The agreement is that he will get a roommate and cover all the expenses until our other daught...
Jamie Quint
Bank Account Structure Help Needed
I may be inheriting management responsibilities for a few rental properties soon. The current setup is a mess, with funds intermingled between buildings for cost of repairs, maintenance, rental income, etc.
Is there ...
Gamal R.
Trust account for property management
Im planning on oppening up a PM business in Florida. I have been learning up on the subject. I know I need a trust account for the rent I collect but How and where do I open one?
:oops:
Mike Howard
Rent to Own or Lease/Purchase in Kentucky
Who has experience in rent to own or lease/purchase options in KY? Anytime I advertise a property For Rent, I immediately have numerous inquiries about Rent to Own. I like the idea of getting a decent down payment v...
Becca Flim
Business Bank Account vs Personal Bank Account
Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
Javier Sanchez
TENANT ISSUE: NEED ADVICE
So per my lease my tenants need to inform me of the intent to continue month-to-month tenancy with 60 days of lease term and within 30 days of lease term for termination. The property has 4 tenants (college students) ...
Ellie Narie
What happens to the security deposit when you rent to roommates?
If you rent out an apartment to two unrelated people (roommates/friends), but they're jointly liable on the rental agreement, what happens to the security deposit if one roommates decides to move out?
I assume the r...
David A Lisowski
Newly formed LLC for Holding & Leasing
So I registered an LLC with the intentions of opening a business checking account and running all the finances for our rental property through that account.We are not closing with the LLC on title, but I want a bank a...
A W
How to setup a trust account?
Hi,
NC State law requires that security deposit must be put into a separate trust account:
http://www.ncga.state.nc.us/EnactedLegislation/Statutes/HTML/BySection/Chapter_42/GS_42-50.html
Could anyone explain how to ...