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Hey All! So I have bought my first 3 properties in the last year all with partnerships and different loan structures. I am looking for help making sure everything is in line and I have gotten the process down so I can...
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Hi there, I'm brand-new to all of this! I have what will be my first house under contract, set to close in a few weeks! I've been reading Heather and Brandon Turner's The Book on Managing Rental Property. In the book ...
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I have been using Bank of America as my business checking account for my rental property. They just raised the minimum balance to $5000. When I have more than one property, that'll be fine, but with just one propert...
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Hey BP,
Quick question:
Any suggestions on how to manage rent and cash flow? I have started a new account where my rental mortgage payments are being made out of and where my rent checks are being deposited into. Sh...
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Purchasing my first property with a partner. We want to open a business bank account, but I don’t want my personal finances mixed up with my business. Me, my partner, and the property are all in different states and t...
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What are the requirements for holding tenant security deposits in NC? Do I have to open a separate account for holding security deposits?Do you recommend small community banks for managing monies from rental propertie...
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I am using Chase for my personal finances. Should I open another debit account with Chase for my rental property? or
Should I open a new one with a different bank? If so, which bank do you recommend?What are pros/con...
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Hello everyone, newbie investor here still learning and wanting to start my journey soon. My best friend and I have decided to take our investing journey together and look at it as a business ran by the both of us. A...
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Hello everyone, newbie investor here still learning and wanting to start my journey soon. My best friend and I have decided to take our investing journey together and look at it as a business ran by the both of us. A...
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HelloAbout two weeks ago I made a post looking for rental property accounting software. I have selected Stessa because of the possibility to have separate portfolios each one with its reports including P/L and balance...