Hello BP.I would like to know how do you set up your bank account for rental, specifically for efficiency.Here is how mine is set up, and any feed back or tip is welcome:Three accounts1. Trust account for security dep...

This is a twofold question.
1) I have a long term tenant who has been great. He pays early, quiet, respectful, and not needy. He had a friend move in with him for the summer. Is it reasonable/possible to put her on ...

We rented a SFH to two girls who split the rent. One has two kids the other is single. They have been living there for 2 months and have made separate payments each for there 1/2. I got an email saying the one single ...

I am buying a duplex that is 1/2 rented. For the unit that is rented I am giving them an estoppel agreement. My question: In the original lease it states to make payments via check or money order to the Property manag...

I have been thinking about setting up a new account specific for my duplex. A checking account for rental income/paying the mortgage, and then a savings account to cover any maintenance or repairs. Does anyone have an...

Hi;Just reaching out to gauge how others view this. Should security deposits be looked upon and considered as income? Then when the lease ends those funds returned are then considered a payout? Any insights? Thank you...

My tenant in Chicago send a claim from a lawyer, stating I owe 27 thousand dollars in damages for not returning the complete security deposit.  The security deposit was 10 thousand dollars, she did not pay the last mo...

Hello!I purchased my first property a few years ago into an LLC, and have acquired a few more within the LLC since. I want to make sure that I am doing everything right to protect the limited liability status of the L...

I'm looking to fill my unit of mine with a tenant and I was wondering what sort of bank account I should use?
I'm assuming that a business account would work but I'm sure there is some nuance and tips that I don't kn...

hey, what's the best setup for bank accounts for rentals? I do know some people suggest having multi checking accounts for long rental properties. What do you all suggest is the easiest and more effective setup?