Waylan Liu
How is/are your bank account(s) setup for your rental portfolio?
Hello everyone!Now that I’m beginning to grow my rental portfolio, I want to know the most ideal way to setup bank accounts. Do I setup separate accounts for each property?Do I setup separate accounts for cash flow vs...
Mike M.
How do you manage your bank accounts / set up accounts for rental
Hey guysI'm wondering if there is a way I can increase my efficiency or improve my money management system the way it is. For those of you that have full-time jobs (non-real estate) and do this on the side - how are y...
Sean Weichel
Can my rental bank account be linked to my standard bank acount?
I have opened another checking account at my bank. I have it linked to a couple of my savings account and plan to run all my rental business through just the new checking account. Im trying to find the best way to mov...
Michael S.
Wells Fargo's LLC bank account Sherlock Holmes (Utah)
I just got off the phone with a very smug account Wells Fargo business checking associate who was very proud of discovering my registered agent's address (used on LLC filing) on the state website listed for other LLC...
Josh Vernon
Best practices for setting up REI bank accounts?
Hello,I am planning on purchasing my first out of state turnkey in the near future and utilize a property management firm and realized that I have quite a few questions regarding best practices. Does the tenant write...
Terry Royce
Will a new bank account effect my credit?
I'm getting ready to refinance and I was planning on opening a new bank account. I am wondering if it could have any impact on my credit score.
Thanks.
Bryan Morgan
Joint Bank Account Required To Send Rental Income
My wife and I have a rental property in Indiana that we have had for 18 years. We recently closed our joint bank account that the property manager sent ach transfers for rental income to. We provided our new bank acco...
Andy Kaye
How come some tenants don't have bank accounts?
I am renting out my house, and noticed a few tenants put N/A on the application form where it asks for their checking / savings account.Aren't checking accounts free to open? What does a lack of bank account say about...
Ralph Patulot
creating a bank account for a house hack
Hi guys! im planning on buying my first property as a house hack .
is it advisable to open a new bank account prior to buying the property or wait after the purchase?
i know some say that you should seperate all tr...
Steven Cobb
Different Bank Account & LLC for Every Property?
Hey Everyone,Do you have a different bank account for every property, or do you have one account that holds all of your funds? I’m assuming if you just have one account that you would need to have a well documented sy...