Keri Middaugh
LLC structure in Michigan, juggling the bank accounts
Hello, everyone, my question is about how to structure my rentals and flips in 1, 2, or more LLCs. I've perused the forums and haven't quite found what I'm looking for. Ideally, I'd have a simple system that does no...
Johan Praats
Managing multiple LLC's with one "master" bank account?
We're looking at PM software; one of the vendors suggested setting up a single "master" bank account into which all our tenants (regardless of which of my 10 LLC their property belongs to) pay their monthly rent. I w...
Bernard Sanga
Collecting rents from a tenant without bank account
Hi,
I just completed a deal (duplex) and I inherited a tenant who does not have a bank account. He pays cash to the previous landlord.
I am new to real estate investing and would like to hear recommendations on wh...
Megan Hirlehey
Good banks to establish a business account with
Can anyone recommend a good bank in the Pittsburgh Area to open a business checking and savings account with? My personal accounts are with an online bank, but I️ was thinking for a business account it may be better t...
Account Closed
Setting up DBA / Bank Accounts for 2 properties
Hi RE folks, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go wi...
Edmund Ricker
Bank that will open account for IRA/LLC
Good Morning Bigger Pockets:Can anyone recommend a bank to open a checking account for my IRA/LLC. I tried my local bank and they had no idea what I was talking about....I think they thought I was looking for a unico...
Kia Zhu
Deposit and rent in the same bank account?
My property is in NJ. Per the bank's request, I need to ask tenants to fill in a W-9, so I can put their security deposit in an interest bearing security deposit account.The tenant wouldn't fill one, so I put her secu...
Scott Meers
Thoughts on Funneling Money into LLC Bank Account???
Hello all,
Thanks for reading and commenting - 1st rental duplex will close on 05/22 if all goes well. LLC is set up with Illinois, and paperwork is complete.
No tenants yet. I am going to hold the building for abou...
Steven Mitchell
Advice on starting a business account at bank?
Anyone have suggestions for starting a business account at bank? (Any criteria, things I should know about, minimum bank account balance, etc) I'm just starting in my real estate journey and want other investors advic...
Dale T.
Bank Went into homeowners account and took money
I have done Butt loads of short sales and this one is new to me. The Homeowner is with PNC and he has an account (savings or Checking). PNC took out every penny form his account which was not much but is was $1100 tha...