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...
Tenant was responsible for 100% of the water bill. We pay directly and bill the tenant. The billing cycle does not coincide with the tenant's move-out date. how do you deduct the tenant's share of water from their sec...
I’ve always had this concern do u need a business account bank account or you can use your personal account bank to do real estate investing. Do u need a create a different account if u put a property under an entity?
I listed my first SFH and it is officially rented. Im wondering about how to get rent automatically deposit in my account?
Also, would you have a separate account just for real-estate??
I appreciate your comments!!
Hello all - My tenant's lease ends July 31 and I did not receive last month rent for July. On inquiring the tenant informed me their deposit (equal to one month rent) should be applied to last month rent. The lease sp...
Hi Landlord,I want to brainstorm the following scenario:I have a newly occupied tenant who has cleans record. She moved into my 1-Bed unit 3-4 months ago, and in her mid-30. Since the beginning, she struggled and paid...
Hi all,I recently inherited 28 apartments units, a commercial property and an industrial warehouse property all of which we rent. Right now, we currently only have one bank account for everything! After reading the bi...
What kind of checking account do I need for a rental property? Will it need to be a business checking account even if I don’t use a llc for the property or would I need a DBA?
Evening all :) We just got our second duplex under contract this morning, so I'm starting the to-do list of what needs to happen before we move in (house hacking again). I know a lot of people recommend having a sep...
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...