Jon Pinkerton
Comingling rent payment
I recently leased a residential property that is titled in a trust. I was delayed in getting a checking / operating account set up as I needed to consult with my lawyer on the proper name that should be on the accou...
Danielle Scott
Landlord newbie: How to handle damages / refunding deposit
I became a landlord somewhat by accident and know next to nothing about how it works. l own a home and rented out my spare rooms to three other girls while I lived here. An opportunity presented itself this summer and...
Sami Gren
prospective tenant doesn't have full security available
I received an application for a rental and everything looks fine, income, credit etc. the rent is $1600 and security deposit is a month and a half, the total to move in is $4000, however they only have in savings $290...
Dan Miller
Piercing the corporate veil
If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
Mike M.
How do you have your bank accounts organized / set up?
Hey guys I'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 ...
Fernando E.
Guidance on managing LLC and personal bank accounts
Hi BP family,Wanted to get insight from you guys on how you separate your LLC checking account and your personal account at the early stage of your business where basically the funding that goes to the LLC checking co...
Mitchell Witkes
Banking for first property
Hi everyone,I'm closing on my first multi-family property in a couple weeks (Christmas present to myself!). I'm looking for some advice from some of the real estate vets on here. Let me go into some of the details of ...
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...
Carrie A.
Buying rental property in the middle of the month!
HELP!!! I'm realizing that my real estate agent (who has a property management company) doesn't know much!!! I'm do to close on a duplex on Tuesday. It is completely rented out..... what happens with the rent that ...
Brianna H.
Eviction & Security Deposit
We just evicted our tenants for non-payment. Do we have to send them an itemized list of charges to keep their security deposit?