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Backstory:
I moved out of my home, decided to rent it out, and hired a property manager. Property manager found 4 students to rent the home and they all signed one joint lease (each had co-signers as well).
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Fellow BP members,In our first year as investors, we have purchased 5 small rental properties (turnkey), and officially became a LLC (husband and wife).Since opening our bank account in the name of the LLC, we have ru...
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Like @Brandon Turner said, it's not a matter of if, but when, you happen upon your first eviction.After closing on a 4-plex, just over a year ago, we quickly got local property management in place (we're a few hours a...
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With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
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Very tactical question, here. I am curious what people are doing with the flow of funds from cash flowing rental properties. A few questions here:
Do you setup completely different bank accounts for collecting rents ...
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Just starting out, and getting ready to start an LLC for property investments. My question is where to deposit rental income. What are the pros and cons of depositing that money into the LLC’s account vs a personal ac...
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I am reviewing my property management agreement with my leasing agent. She will charge me 1/2 of 1 month's rent. In addition, the agreement said that "Agent shall collect and deposit all security and damage deposits f...
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Hey everybody! I have a cabin near Pigeon Forge under contract and am hoping to get some insights regarding security deposits for short term rentals. What do you typically hold for security deposit? I am using Your Po...
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Is it legal for a Tenant to insist on using their security deposit in lieu of their final rent payment? Any insight on this would be great.
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Hello,I am rookie who is ready to make my first primary home as a rental property. I will be moving out of my primary home and make it rental house. The deed and mortgages are on our personal names. I have few questio...