My wife and I have a rental property in Indiana that we have had for 18 years. We recently closed our joint bank account that the property manager sent ach transfers for rental income to. We provided our new bank acco...

Hey everyone! I was just curious what you found was the best way/ how you prefer to keep or store cashflow and reserves for your rental properties. Do you prefer your personal account or have you opened a business acc...

Do yyou think it's a good idea to get a credit line based on your rental income from another property? for example, if you get $10k/mo from a property in total, then you can borrow up to $120k against your account rec...

Hi,I'm working on the financials section of my BP.  How do you calculate and include depreciation on the income statements?If I use a depreciation calculator and calculate an annualized deprecation amount of $3k, shou...

I am going to be closing on a 3-plex with a VA loan in the next two weeks or so. I think opening a new bank account to receive the rental income is what I am going to do. I would like to make it a business account, ho...

I've had a few conversations with mortgage brokers and it seems common to NOT count the expected rental income on a property towards your DTI when looking at the loan for that property. That seems to be very limiting ...

Hi BP,I need an accounting software that I can keep track of my  rental buy and holds, my flip and my airbnb. I was thinking quick books but thought I'd ask the BP hive mind.Many Thanks!

New investor, just collected my first rental check on a single family home in London Ontario. Looking to open a separate account to start tracking income and expenses, and was wondering if I should open a personal che...

Hi, I am starting to self manage my rental property and have below Qs. Please help?1. I understand its good idea to have a separate bank acc for rental income. Can it be a personal acc? I called WF and they said for b...

So here is the scenario....Utility bill comes to my address (these specific utilities are in my name), I pay for them so that they are on time with no late fee. The next month the tenants reimburses me. Wouldn't the r...