Alexander Vest
Rent collection methods/how to structure bank accounts?
I'm interested to hear what methods everyone uses to collect rent. I'm finishing up my first duplex and I am currently looking how to rent collect and how to structure the bank account(s) that the rents and deposits w...
Jonathan T Harned
Question on Business Accounts for LLCs
Hello All, I'm looking for some advice on the creation of a checking account for a R.E. investment business. I'm unsure if I need to set up an individual checking account for every LLC, or if I can have one LLC manage...
Jackson Long
multi state investing and lawyers
Hey folks,Do you use different lawyers in each state? Do you have a lead in your home state (or whatever) that coordinates?Thanks,J
Emily Liu
Should I accept this tenant?
I have a townhouse for rent. The rent is $1300 per month. She has a credit score of 747, and has a yearly income of about $100k. But she also has “recency of a balance over limit on a bank card account”, “bankcard acc...
Mehdi Haider
Managing real estate finances as I expand to multi-unit
I am mulling options to see if this is a real problem for new or existing landlords today. I have a single property that I've started out with and for me to manage the costs I have a single account and an LLC. As I pl...
John C.
Buy and Rent partnerships?
Hi again BP! Thanks for all your advice.
I have done one buy and Rent investment. So far, its working out excellent! And I have plans to do more, but have recently been approached by a similar investor who would like...
Michael Claus
Water Bill Problems--HOA Billing
I am having issues with my HOA company. Is it normal to have the water bill and the HOA on a single account that the HOA management company uses for accounting purposes? My tenants are responsible and pay the water...
David Gwilt
Solo 401k - using both Traditional and Roth for investment
I am going to be doing a debt consolidation loan to my brother-in-law using my Traditional and Roth Solo 401k (because I don't have enough in any single account). I have opened the Solo 401k checkbook accounts and ha...
Johan Praats
Managing multiple LLC's with one "master" bank account?
We're looking at PM software; one of the vendors suggested setting up a single "master" bank account into which all our tenants (regardless of which of my 10 LLC their property belongs to) pay their monthly rent. I w...
Percy N.
PA Rental Security Deposit Escrow
PA Landlord Tenant Law states:68 P.S. § 250.511b§ 250.511b. Interest on escrow funds held more than two yearsCurrentness(a) Except as otherwise provided in this section, all funds over one hundred dollars ($100) depos...