Mark S.
Paying LLC Attorney Fees/Costs - From Personal or LLC Account?
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
Chris Leppanen
How the Money Flows (New to investing)
Hi there everyone! So I've been doing a lot of research and I was just wondering if someone could explain the general way money would flow from a cash flowing property and into either my, or the business bank account ...
Bruce Wofford
Accounting Software for Vacation Rental
Our family here in the Kansas City metro just formed an LLC to purchase a vacation rental property (3BR, 3BA condo) in a Colorado resort area. For at least the immediate term, we will continue using the incumbent prop...
Regan Richmond
ISO Financial forecasting software or website
Hi All,I'm new to the site, but have been reading some posts through the app for a few weeks. Good stuff!Does anyone know of a good software that can forecast for retirement planning? I know of a specific program av...
Kenny Dahill
Owner Bank/Account Options
As an owner, what options do I have regarding where my property manager tracks the rental revenues? I have an accountant so I'm curious if they are allowed to send all checks and invoices to them.
As an owner, can I...
Jen Faulkner
Netflix/Hulu Only at your STR?
Do any of you offer services like Netflix or Hulu, with no cable TV? Today, we discussed dropping the cable service at our STR's, but I wonder if that would be a negative. I know guests typically don't visit the are...
Account Closed
Vendor Take Back - VTB
Hi BP,I want to learn more about the VTB strategies. Any recommendation on a book, e-book or other resource that you have come across which explain this strategy in details?Looking to invest in Canada, Toronto GTA. Th...
Jia Liu
Down payment account seasoning
Hey everyone,I have my down payment currently sitting in my savings account with Bank X for more than a year now. When I take out a loan, I plan to pay with my checking account with Bank Y. The question is do I need t...
Jade Stevens
Rental Income and security deposit account
What is the best way to set up rental income and security deposit account? I need to transfer rent money into my personal account as well to pay bills. Should I use the same bank or a different bank?. I just don't wan...
Brock Jenkins
Cap Ex Fund Accounts
When having multiple rental properties how do you separate you CapEx funds?I feel like it can get dangerous having all properties savings in one account, but I feel like there has to be a better way than having a sepa...