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Results (10000)
Aymee Flynn What bank account to have rent deposited to
22 February 2023 | 2 replies

Hello, 
My name is Aymee and I am new here! I am closing on my first investment property located in Peoria, IL in a few days and I currently reside in Los Angeles, CA. 
I am trying to determine what is the best prac...

Viktor Singh Type of Bank Accounts for Rental Real Estate
20 April 2023 | 4 replies

Hello,I am newbie. I wanted to understand that for my rentals should i open a business account or checking account for it ? What are the advantages and disadvantages of opening one or the other ?Thanks!

DJ Cummins So...how many bank accounts do you have?
10 August 2016 | 11 replies

We are getting ready to buy property number two, and possibly number three in the next couple of months.  My wife feels like we should have a bank account for every single property we own.  I guess that is fine with 2...

Charley F. Applicants: When to ask for bank accounts statements?
29 September 2012 | 10 replies

When should a landlord require to see bank statements of the applicants to see their financial stability?

I was recently advised that is common practice in the industry NOT to ask for personal bank accounts UNLESS th...

Vishal Amin What type of bank account for an LLC?
30 March 2023 | 3 replies

I recently just completed the LLC process and got an EIN number. My next step is to create a bank account for the LLC. What type of bank account should I be creating for the LLC, of which my partner and I will have ac...

Ryan Duffy LLCs, Bank Accounts, and Self Management (STR Property)
27 April 2023 | 5 replies

Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...

Kandarp Patel Need bank account for LLC in same state?
11 April 2024 | 2 replies

Hi folks,I am an out of state investor with LLC registered in the state where property is located. However, bank is not accepting virtual address as physical address and the banker is telling me that I cannot open an ...

Grady Caldwell What type of bank account should I open
14 March 2024 | 1 reply

I am new to RE investing and I recently purchased a single-family rental property in my personal name and not my LLC. Should I open a business bank account under my LLC  to make mortgage payments and collect rent even...

Steph C. Landlord Question - Security Deposit/Bank Accounts in MA
17 November 2010 | 10 replies

Hi,

I have a few questions for landlords in Mass; I've received some conflicting information from people in the area.

I was on the mass.gov website reading about the security deposit rules. It says that the landl...

Mike George Series LLC and business bank accounts in Missouri
11 January 2021 | 5 replies

Hi everyone,I am an out of state investor in the Kansas City area (Missouri side). I am using a Series LLC structure and am having some trouble finding a KC bank that I can use to open a business checking account (and...