Rob Alentajo
Roommate Sec Deposit
How do you handle sec deposits in relation to roommates. I presume u divide the sec dep by the number of roommates, and each gets their own escrow account? Or do you put it one with all names on it?What do you do when...
Shaun Palmer
North Carolina - Security Deposit Trust Accounts
Hey BPer'sI am trying to understand the legal aspect of security deposits as it pertains to a trust account in North Carolina. Basically, the NC Statutes state this:§ 42-50. Deposits from the tenant.Security deposit...
Ali Senchenique
Security deposit and rental income question
Question about bank accounts. Do you guys keep security deposit in a separate bank account and if so what kind? CD, money market account or just plain bank account? Also for rent, do you open a different bank account ...
Anjum Yaseen
Rental Security Deposit- Trust account or just dedicated saving account
Hi,Do I need to put my tenant’s security deposit in trust account or do I just simply open a separate dedicated account for security deposit and put the deposit there?Thanks in Advance
Dimitri Paspalaris
Bank Account for investment properties
I am getting ready to close on my first property should I set up a business bank account to put my cash reserves and for the rent checks to deposit into? Thanks for all of the help.
Cameron Riley
Do you put security deposit into private escrow account?
- Just found out, tenants are eligible to receive interest on their security deposit ( most likely a few bucks, if that lol ) but they can make a whole case out of it - PA law states, must hold security deposit, in es...
Remo F.
1 Bank account or multiple for rental properties
Hi,I'm curious to how some of the landlords on here handle their finances.Do you have one bank account that receives rent or multiple accounts for each property?How do you handle expenses? Do you use a separate accoun...
Michael McIntosh
Bank Account Setup when Self-managing
I have decided to start managing a few of my own properties and I want to know how you all have your bank accounts setup for your record keeping purposes? I have one account for the LLC. I also have one established fo...
Forrest Soule
Do I need a separate bank account? 1st Time Landlord, Owner Occupy
Recent purchaser of a duplex I will be owner occupying. I plan on doing a lot of renovations as well. Should I set up a separate bank account for rent collection and renovation expenses? Is this typical? Thanks!!!
Ronnie Sparrow
Security deposit
Where do you put the tenants deposit? Is it OK to keep in the business account or does it have to be placed in a separate account from the business? Example: we have a business account at Chase with a checking and two...