Elan Radbil
What to consider when opening a bank account for your LLC
My partners and have just created our LLC and we are looking to close on our first deal in the next 45 days. We are starting to work out where we would like to hold the LLC's money. Outside of your typical fees (minim...
Renee R.
Ways to pay rent electronically when tenant has no bank account?
Is anyone aware of any services where a tenant can pay his rent electronically without having a bank account? I'm aware of services such as popmoney.com, but I don't know of any that you can use without having a bank ...
Calvin Schmeling
What Banks Do You Like To Open Your Business Accounts In
I read a book called profit first and it gave me tips on how I should manage my money. In there it talks about having 5 separate subaccounts to manage your money and where it goes. My question is what bank is best for...
Joshua Sun
Should one open up a business bank account before starting out?
My girlfriend and I have been saving to buy our first investment property. Should we talk to a bank to open up a business account? I hear it will be easier for CPA / Taxes later on if all expense from purchase, rehabs...
Corey Duran
Can I have multiple LLCs operating out of one bank account?
With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
Olga Merino
Should you have a bank account for every property you own?
My parents own 4 properties with a total of 37 units. I recently started helping them with the business and I want to help them organize their accounting better. My questions are:How do you all do your accounting with...
John McKee
Do you have one bank account for all of your LLC?
How are you guys managing your properties from a banking perspective. Do you have an LLC for each property with each having its own bank account? What has been the easiest.
Chris Balestriere
How do buy and hold investors do their banking and accounting?
Hello Investors!For those buying multiple investment properties, how do you manage multiple bank accounts? What systems or programs do you use to efficiently and effectively keep all accounting under control while kee...
Michael Zuber
Any accounting changes scheduled for Jan 1 2010 aimed at Banks?
Specifically I am interested to know about any changes that either may help or hurt banks as they continue to deal with balance sheet issues and rising liabilities. If they get more flexibility to hold assets at face...
Harry Nima Zegarra
Banks accounts for Series LLC (series A, B, etc) in Dallas
Hello guys,New in Real Estate, started last year and opened a series LLC. Initially (as I am still learning about this) bought the property, got the Tax ID and opened the Bank account under the "mother LLC"... now I a...