Benjamin Pifher
Separating Money for Properties
So with my business, I have 2 separate bank accounts per property. I put deposits in one for each property and try to ignore that money altogether as my ultimate goal is to be able to give that back to the tenant. I...
Christy Porter
Domestic Violence between Tenants
We were notified that there was a domestic violence incident between our tenants. Tenants share an apartment. Guy was arrested and released and has a court date. Girl has moved out and is living with her sister. W...
Hugh Jameson
Need to know how to handle a tenant moving in/out mid-lease
I have two tenants for a condo.each paid half deposit/1st month etc..1 tenant personal situation has changed and he is considering leaving mid-lease.the remaining tenant has a partner who is willing to move in as a re...
Amanda Scully
Bookkeeping and Bank Account Question
Hi everyone,
Just a quick question about bank accounts and bookkeeping...so, with rents coming in and having to account for regular expenses as well as cap ex on each property, etc. do you end up having multiple ban...
Jordan Theisen
Banking for Investment Property
Hi all,Recently I closed on my first investment property in the twin cities area of Minnesota where I'm also using it to house hack. I'm wondering how to go about setting up a new bank account for the property to keep...
Eric Jones
Personal Funds into Rental Account
My current goal is to scale.I would like to send money from our personal account into our rental account on a monthly basis to let the cashflow and personal funds accumulate. This money would then be used to purchase...
Reece Bierhalter
Landlord Action with Security Deposits
I am always looking for ways to leverage. As a landlord, the more properties you acquire, the more cash you will have to deal with and store. With every rental comes a sizable security deposit that you will hold ont...
Avery Moore
1st time with Section 8 need insight
Good morning BP community,This is my first-time having using the section 8 program in having a tenant. It wasn't easy going through applicants being that its Atlanta & it's a lot of people applying from other stat...
Account Closed
Seperate bank accounts
About to embark on my first REI. Do you guys recommend I open separate bank accounts for each property? I'm planning to buy two in the next 6-9 months. Also, how do you handle rent payments. I've read a lot of blogs a...
Letitia Glenn
Tenant wants to paint house exterior in lieu of Security Deposit
Potential new tenant offered to paint house exterior instead of paying security deposit. Is this a good idea? Or should I require him to pay the deposit and maybe give a discount on monthly rent equal to amount of wor...