Amber C.
Personal or business chequing account? (Canadian investor)
If you buy a rental property through a LLC, can you use a personal chequing account to manage this property?
Jeremy Sharp
personal or business account for misc expenses
hey hey...I own a duplex in cincinnati that is currently being managed under a property management company (while my wife and I lived in Japan and now have since relocated to Lexington). The house is set up under it's...
Jason Turo
Checking account - obviously separate personal from business
What are the risks / potential liabilities if we operated an LLC for rental properties but used a checking account strictly for business purposes in our personal names? We would obviously not use this account for any...
Darren Love
Used my personal account for business expenses
Last summer I bought my first house hack, a 4 unit building. I know that everything is deductible, save your receipts, and keep track of your purchases. But I have used my personal accountants to purchase items for t...
Kent M.
Pay Loan from Personal or Business account?
Hello!I'm already a few years into a single family home house hack where I rent out some rooms. As I listen to pod casts and do more research I realized I need a separate account to keep things happy with Uncle Sam. I...
Jason Krick
Lowe's Business account, Personal guarantee, and LLC
I have a tendency to overthink things, so please bear with me. I hope I describe my thoughts clearly. As I continue my investment journey, I've thought about opening up a business account with Lowe's or Home Depot. ...
Jackie Hung
Anyone has a facebook page for your property and post vacancies on FB marketplace?
Facebook is changing it's rule for real estate rental free ads on marketplace. Business pages will no longer be allow to post. You must use a personal profile to post. Anyone found a better way to do advertise on FB m...
Bruce C.
Rental Accounting Question
Good morning BP
Im attempting to keep accounting for our first SFH rental. We acquired the property oct 6th and have performed some repairs. The problem im having is the money we leveraged for property purchase and r...
Damon J.
Bank Accounts for Buy and Hold Strategy? Starting Out
From what I have read I should have an account for security deposits and an account for rent and expenses that are separate from my personal account. Assuming I will be targeting 10 properties here are a few questions...
Jacob Disher
Personal or new account for rental income/ reserves?
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...