Matthew Miller
Loan fell through after two separate pre approvals
So I had a house under contract. Nice two family as a house hack. After two separate pre approvals from two different lenders. House was under contract. I paid for FHA appraisal and an inspection and gave my deposit. ...
Hilda Sandoval
Rent Collection Apps and Managing Multiple Property Bank Accounts
Hello Everyone!
I am excited to share some news with you—I recently purchased my first rental property last week, and I'm currently conducting viewings for a second one! As a new landlord, I am eager to learn from yo...
Freeman Schultz
Calculating the rent deposit when raising the rent
How do you calculate the rent deposit when you have raised the rent. Let's say you do a lease renewal for a tenant and you raise the rent by 10%. Is the tenant required to provide that 10% to the rent deposit?
Paul Simpson
How many contracts needed for a wholesale?
My question is how many forms are necessary to do a wholesale deal? Is it one contract that I use for the seller and a separate one for the buyer? Or, is it one contract that I use for both by filling in the blanks wh...
Trey Perrone
converting to rental; separating expenses
New to real estate and BP community. Finding so much great info here!Currently have a town-home that was a personal residence and converting to rental. At this time cash flow wont be much ~$200/mo but will look into r...
Jason Scavilla
Checking or Savings account per each house
Should I have a separate checking or savings account per rental house. I currently have 3 rentals (just closed on the 3rd one a month ago), and the rent money currently all go into 1 checking account. I have Bank of A...
Jeremy H.
Bank Accounts - How do you organize them?
How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
The House is not under an llc. Just want to start setting up as if it were. so far i have thought about creating 7 accounts.1) all rental income account 2) account where common utilities and mortgage will be billed3)m...
Christina Tkacs
Security deposit from an inherited tenant
I'm buying my first duplex and we are closing on January 1st. We are inheriting a long-time tenant (I've read many posts about the ups and downs of inherited tenants). This tenant moved from side A (where he's lived...
Account Closed
Can Rental Deposit be Turned Into a Profit Center?
I recently purchased my second property in a condominium complex located in a St. Louis suburb. I am looking for some feedback on whether to require a damage deposit or charge a non-refundable move in fee. 1. Damage D...