Alexander Vest
Rent collection methods/how to structure bank accounts?
I'm interested to hear what methods everyone uses to collect rent. I'm finishing up my first duplex and I am currently looking how to rent collect and how to structure the bank account(s) that the rents and deposits w...
Jonathan B.
Multiple bank accounts on LLCs ? holding structure question
Hi Guys,Currently own multiple properties (Sfr),they are spread out into various LLCs, having couple of properties in each LLC.these LLCs are all owned by and a subsidiary of a 1 holding LLC.Rent is currently flowing ...
Nithin Mathai
Opening a Business Bank Account with a Partner
Hi BiggerPockets Friends,My business partner and I are looking into opening a business bank account. Each of us has our own holding company LLC and the property is held in an LLC which we both own 50-50 through our ho...
Account Closed
Setting up DBA / Bank Accounts for 2 properties
Hi RE folks, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go wi...
Kia Zhu
Deposit and rent in the same bank account?
My property is in NJ. Per the bank's request, I need to ask tenants to fill in a W-9, so I can put their security deposit in an interest bearing security deposit account.The tenant wouldn't fill one, so I put her secu...
Megan Hirlehey
Good banks to establish a business account with
Can anyone recommend a good bank in the Pittsburgh Area to open a business checking and savings account with? My personal accounts are with an online bank, but I️ was thinking for a business account it may be better t...
Wen Guo
Bank account got frozen and deposit rent later?
Dear BP people I'll need your help on this-
I just purchased a rental, the tenant came with it. He works in hospital as nurse and seems to be a nice guy, he does has a bankruptcy history (home got foreclosed a few yea...
Edmund Ricker
Bank that will open account for IRA/LLC
Good Morning Bigger Pockets:Can anyone recommend a bank to open a checking account for my IRA/LLC. I tried my local bank and they had no idea what I was talking about....I think they thought I was looking for a unico...
Scott Meers
Thoughts on Funneling Money into LLC Bank Account???
Hello all,
Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.
No tenants yet. I am going to hold the building for abou...
Joe S.
Bank of America or Chase for business account?
Bank of America or Chase for business account? So about to open up a business account for a new LLC and was curious on feedback between Bank of America and Chase. Please advise