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...

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...

Hi Bigger Pockets, Fam!

I have been a landlord for over 9 years, I own a multi-unit (4) in the District of Columbia and condo in Maryland, both are fairly easy to rent however, within these years of renting, I have...

If you know your tenant is going to use their security deposit to pay their last months rent, what are some things that as a landlord we can do to hold them accountable for the costs associated with the security depos...

My wife and I are in the process of filing for an LLC through an attorney before we start our rental business in a few months.  I have some questions about how I should structure my bank accounts and which need to be ...

Hello, I am new investor and have a rental. I was advised to open a business checking account for my rental. My question is why do a business account ? Why not an everyday account ? From brief research, i see business...

I am new to real estate investing , and I am wondering how others structure each of their rental properties.  1) Does each rental have its own LLC? 2) Do you create separate bank accounts for each property, under the ...

Man, I am so mad.  I just purchased a 4 unit, in need of repairs.  The purchase and sale agreement stated seller would contribute up to $8000 closing costs.Because the units are occupied, and because the closing was m...

I have a tenant moving out in a few months, and I've been discussing buying the w/d unit they bought less than a year ago for the apartment from them. I want to keep it b/c it's a top of the line Energy Star appli...

Hello, I'm just starting out and I read that we should have a separate account for our real estate empire, which makes a lot of sense. I don't have an LLC and I'm wondering what (personal) account do people usually us...