Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...
Kandarp Patel
Need bank account for LLC in same state?
Hi folks,I am an out of state investor with LLC registered in the state where property is located. However, bank is not accepting virtual address as physical address and the banker is telling me that I cannot open an ...
Grady Caldwell
What type of bank account should I open
I am new to RE investing and I recently purchased a single-family rental property in my personal name and not my LLC. Should I open a business bank account under my LLC to make mortgage payments and collect rent even...
Steph C.
Landlord Question - Security Deposit/Bank Accounts in MA
Hi,
I have a few questions for landlords in Mass; I've received some conflicting information from people in the area.
I was on the mass.gov website reading about the security deposit rules. It says that the landl...
Mike George
Series LLC and business bank accounts in Missouri
Hi everyone,I am an out of state investor in the Kansas City area (Missouri side). I am using a Series LLC structure and am having some trouble finding a KC bank that I can use to open a business checking account (and...
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...
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...
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