Aaron K.
Question about how property managers collect rent - who's bank account?
I'm hiring a property manager for two properties I own. I assumed that we'd set him up as a co-signer on my business bank account, the business that owns the property. This way we could run all transactions through...
Aisha Brown
$150K in Savings Account- Just got Denied by my Bank
Hello everyone! I am new investor in SC and I am eager to get started with buying my first rental. I thought that I would be a shoe in with getting approved by my bank because of the fact that I have over $150k in sit...
Kyle O'Connor
Bank Refuses to setup account of Checkbook control SD IRA
Has anyone been told No when trying to setup a bank account for their Self Directed IRA owned LLC?My bank for decades now said they aren't willing to do it but wont tell me why.
Brandon Phelps
Do you have a favorite bank for a checking account?
I have one rental property, and am about to get one or two more. I've got to get official about this business now and am looking for opinions on your bank. I'll be opening an account just for the rental. Obviously if ...
Jason Shackleton
Foreigners investing is U.S property (Best bank account to use?)
For those of you that are investing in U.S property as a foreign investor what U.S based bank account are you using? Please specify the country you are investing from so that others from your country can follow your ...
Debra Johnson
LLC or run through personal account for taxes and banking
Just purchased single, out of state, property for STR. We reside in WA. STR in Boise, ID.
As a married couple do we set up LLC or run expenses and income through our personal names? This is in regards to banking and ...
Trace P.
For LLC must payments be made from LLC bank account?
Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
Andrew Z.
How to set up accounting and banking for reserve funds.
Hello, everyone. I have a newbie question about reserve funds. Let's say I have a number of rental properties, each with income, actual expenses, and reserve funds for capex or vacancy.1) Do you have separate bank acc...
Christina Cryer
Which LLC for Bank Accounts - Holding or Operating or Both?
Hi- I am just starting out and plan on using the Profit First banking method. For my first property I will open five bank accounts. Three of these will be for the entire business (when I eventually have more STRs) and...
James Fraundorf
Opening a business bank account in Delaware for Delaware LLC
Hi, has anyone had experience opening a business bank account in Delaware for a rental property located in another state? My holding LLC was formed in Delaware so I'm thinking if I want all the protections Delaware o...