Hi Everyone-I have just accepted my first tenant in my new rental property. I will be collecting a deposit to hold. Where should I put that money? I plan on making it her security deposit if all goes well, but before ...

Hello BP Community.
I'm going buy my first home in the next few months. I am currently renting, but looking to buy a multifamily and househack to get started in REI.Currently I have 1 checking and 1 savings account...

Drawing up a new lease for an existing tenant. They want to setup an automatic payment directly through there chase account. The standard lease simply asks for Place of Payment with name and address. Should I give the...

I have a 48 unit property.  I currently have two checking accounts.  One is an operating account and the other is for deposits.  I was curious how other operators manage cap ex reserves.  Do you have these in a separa...

Hey guys, I have a question! Should I open a separate bank account for each rental I own?

Hi BP,

I was hoping some more experienced folks might have useful advice. I have a property rented month to month with two women renting the place. One didn't have a strong rental history so her father co-sig...

Do you or Should You Require a Pet Deposit for Your Rental Properties?

I had my attorney create a revocable living trust for me several years ago for estate planning purposes.  I use this same trust to hold my real estate syndication investments (again, for purposes of estate planning an...

Hi All,I wanted to get a feed started regarding opinions on the pros and cons of taking a multifamily building, in my case 4 units, that is currently on one water line and separating each individual unit.  The current...

Hi;

I have a question about how to write the option consideration in a lease/option---->assignment deal.

1) Since the amount of consideration I plan to put down depends on the amount I can collect from a buyer....