As I move toward acquiring my third property, I realize that I really need to start separating my finances. I plan on opening a separate account for my two rental properties. Do any of you have advice about what banks...
When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts? Is it best to have a bank account for each property or one account per LLC? What do you find to be the most efficie...
I am an out of state investor from CA investing in MI. I am currently setting up bank accounts for my first two LLCs ... the parent company and the child company to hold the properties in. The bank accounts need an a...
We have been using Relay for several years for business bank accounts for our rentals. However we have had several issues with the move to 2.0. What business accounts do you like? Priorities are being able to transfer...
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...
Hey guys! Just bought my second property(3rd door) wohoo! I currently have a vacation rental doing well set up on a separate bank account strictly tied to that rental. I close next week on a duplex. I’ve heard differe...
I am getting close to having my first deal ready to go. Its a rehab+hold and rent. I have created a LLC to hold hte property in. I need a seperate bank account to manage money in/money out. Should I open up a busines...
Why am I having a problem opening a business bank account for my vacation rental property? I have ALL required credentials, llc, business license, etc. Denied twice. I'm using my ein, it's a new business, I have no n...
I own only one rental property which was used with a VA Loan But got married and had to move out of state and I’m now renting that home. I’ve read a bunch of Real Estate books saying how important it is to have a busi...
I have a Business account with bank of America. I recently closed on a small investment property in KY. I wanted to keep all my income and expensive for this property in this 1 account. Since the account and the pr...