Brad Fausett
Quickbooks Question- How do you handle security deposits
Can someone advise what i need to setup to handle security deposits. Thanks
Cason Acor
Dedicated bank account for individual entities?
My question is primarily directed to buy and hold investors who purchase each new property with its own entity (I imagine most will be LLC’s).
Do you also open a dedicated bank account for each entity for the purpos...
Kenneth Westervelt
Bookkeeping and House Hacking: to commingle funds or not?
Brief intro: bought a house last year, have been renting out 2 spare bedrooms. I'm thinking about setting up a separate business account to deal specifically with all house related expenses (mortgage, taxes, utilitie...
Fayez Siddiqui
separate account and credit card for rental business
We should make a separate account for the rental business but is it also recommended to get a separate credit card as well?If so any benefit of a business card over a personal card?If so what kind of payments would yo...
Brook Burns
Tenant Security Deposit Escrow Account
It is my understanding that in Pennsylvania an escrow account is required for tenant security deposits. Does anyone have experience with banks that offer these without fees? I had hoped to set this up with PNC since I...
Nikhil Pajankar
What tools do you use to manage multiple properties?
Hey!New to biggerpockets and looking into purchasing my first rental investment property. Curious what tools people use to manage multiple properties. Specifically:- Do you have a separate checking account for your in...
David K.
Renting in NJ - what to do with Security Deposit
Hello friends!I am about to sign my first lease with tenants in NJ and they are giving me 1.5 security deposit.Question - is there a law that I must follow where the tenant's security deposit must be placed into a sep...
Gianluca Rossi
Do I need to create a company or separate bank account is enough?
Hi,We are closing on Friday on a property upstate that I would like to use as a vacation home and rent regularly through VRBO/Airbnb.I've read of the importance of keeping a separate bank account for our rental proper...
Daniel Ricci
Renting a Room questions
Hi all! I'm in the process of purchasing a condo in Davie near the school I'll be going to (Nova Southeastern University). Its a 3BR/2.5BA townhouse. I'm looking for a roommate to help cover costs. I have a lead o...
Amelia Cooper
Best Baselane Tutorials?
Hey and Hi! I am getting started on my Baselane account and looking for tutorials. Specifically, I am unclear what the best way is to organize my subaccount; Do I open a new account per property? or put all my propert...