I am purchasing a 4 unit and was wondering how to set up the bank accounts for deposits, cash flow and expenses. I have heard of trust accounts and commercial banks....getting confusing. Thanks

BP,

Again I don't have a Flipping clue. Ok that was a lot funnier in my head. But seriously, I was reading several posts on here about SE taxes and got a little confused.

What exactly gets taxed? Is it all prof...

Here in Ohio, I recently closed on a rented SFH with a tenant that ended their lease 1 day after I got keys.  I owned the property for 2 days under their lease.  It's time to follow up with the security deposit so I n...

I normally require a security deposit equal to one month's rent plus $200, and I raise the rent annually by $25 per month. For tenants who stay year after year, the security deposit over time shrinks in relation to th...

As most would agree, our economy has not been the best it's ever been.  Rising gas prices, rising interest rates, and a high probability of a recession has made things a little harder to bear.  Nevertheless, people wo...

My name is Grant Wilsterman and recently stated my real estate journey. I am located in Greenville, SC. I just purchased a $50k condo to house hack in. I am debating on whether I replace the carpeting in the property ...

Scenario 1: The wood floors need to be refinished because dog urine has ruined them and the pet deposit doesn't completely cover the damage. Can part of the security deposit be used to cover the rest?

Scenario 2: ...

I've contacted two attorneys so far and I've yet to hear back so I figured I would post it here too. The Delaware landlord-tenant code states: "Each security deposit shall be placed by the landlord in an escrow bank a...

Any suggestions to collect  past rent due ?The tenant vacated now.if they don’t pay with regular notice I’m thinking about going thru collections.

Team,I was just curious what you do in this case.  I plan to show my property this weekend. Hope to have a tenant ready to move in.Since it is mid/late in the month what are options/ideas/best practices for this?Do no...