Hi.I'm still in my first year as a STR owner, and I'm going to start taking bookings for next spring/summer/fall for our lake house. This past summer (our first season) we had many multi-generational family reunions ...
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...
Hey all! So, our management company is now 100% remote and we just have a 'virtual' mailing address for the business. Our standard protocol is to have tenants pay online through ACH or credit card but if a tenant has ...
Hey everybody! I have a cabin near Pigeon Forge under contract and am hoping to get some insights regarding security deposits for short term rentals. What do you typically hold for security deposit? I am using Your Po...
Hi everyone! I'm so happy to be posting for the first time here at BP! I'm a long time podcast-listener and have been reading the forums and blog posts for a while. Also, I'd like to share that I'm closing on my first...
Hi all
Was curious for the independent landlords (those acting as their own property manager) what's your preferred method for collecting rent and keeping costs down at the same time. I previously used an electronic ...
Hello BP members!I'm hoping to get some answers to the following PM questions I have, any insights would be greatly appreciated!1. Are most PM making mortgage payments for the owner; what percentage of owners have yo...
I've been a landlord for most of 20 years. But I've been a small fry. The most my wife and I have owned was 5 SFHs at once. In the past, payments were accepted by personal check or cash. These properties were in B- ne...
I've seen some old posts on Paynearme and PayLease, but I can't find anything recent and definitive. I think Paynearme has stopped enrolling landlords. And I am not sure about PayLease. I filled out their web form ...
Situation: I have 4 properties under a commercial loan at a local bank in KC. I'm unable to have myself or anyone collect rent as I work abroad. I'm going to be instructing my tenants they'll need to deposit the rent ...