Barbara Engels
Acquired first FHA owner occupied duplex...now what?
Rent from inherited tenant will cover most of mortgage payment. Open new acct and transf to personal? Or deposit into personal directly? Not sure how to set it up...Thanks!
Michal Kolenda
Setting Up Landlord Bank Account
Hi all, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in th...
Brian Flounders
Pennsylvania Security Deposit Escrow Account
How do you buy and hold investors out there handle security deposits in PA -- or other states that require deposits over a certain limit ($100, in PA) be placed in true Escrow Accounts?
My dilemna is such: th...
Sally Alcala
Breaking Up with Property Manager Frustrations
After way too much frustration, I decided to switch property managers, but the process has been a nightmare. The old property management company said they needed 45 days to close out my account. They did send me the f...
Tim Porsche
As-Is House Purchase - Seller Misrepresented - Any Recourse?
Hello All, I am under contract to buy a duplex via a wholesale deal and have already given the earnest money deposit. The house is being sold as-is. I still intend to buy the house, but found out something rather anno...
Evan Kelleher
opening an escrow account for a security deposit
Are you required to get a tenants W-9 form in order to open an escrow account, or is there an easier way to put it in to another type of account where you wouldn't have to do that?
Benjamin Cuddy
Landlord security deposit/bank account requirements
Hello all,I am a new investor with one single family property. I will soon be putting my property on the rental market and am making sure I have things in order to do so. Would someone be able to fill me on in what ...
Michael Ansley
Portfolio LLC Setup & Mortgage Payments
Hello All,
Me and my business partner are going to close on 3 duplexes outside of Atlanta in a few days. All 3 duplexes are right next to each other and have 3 different mortgages with the same bank. My questions for...
Dave Godfrey
1 of 3 tenants wants out of his lease and asked about his security deposit
Hi guys. I have a group of three young professionals living in a property. I have a ten page plain-language lease that states the lease will renew for another year if the proper notice has not been given. I received...
Eugene White
How do you manage your personal finical bank accounts.
I have one property that I'm using the BRRRR Method on and as i am getting closer to renting it out. I'm little confused on how to manage my finical accounts as i scale up. Do i have a separate account for each home o...