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...
Hello Everyone!I work for a private lender in the Washington, D.C. metro area and I am looking to get connected with real estate investors in the area. Feel free to contact me for any of your financing questions!Katie
Wanted y'all's opinion on this. Not sure if it's legal or not in the world of landlords.
Hello is it necessary to have Property Management and Accounting Software for landlords? if so what software would be recommended as easy to use?
Having earned some money now from deals I’m wanting to bank my REI earnings separately from my day job to both track my earning/spending but also maximize my return from cash I earn. I currently use a credit union for...
Hello, I am 25, single, and working on getting my first property that I hope i can live and rent rooms to friends. My question is on getting pre-approved. I am worried about how my bank accounts looks. I have a WF ac...
Curious as to what BP members are using for their property management software needs.Here is my criteria for selection of an online system 1.The best rental property software supports the property managers in handling...
Hi, Is it best to form an LLC if I have 8 rental units? I Know I can get an LLC online, but do I need a business license or should I get one if I'll be managing the rental units?What are the pros and cons if any?
Here is how I typically handle rentals:1. I list them on the MLS and people go see them. When they are interested, their first question is how to apply. 2. Right now, I have to email them a blank pdf of the lease appl...
Hi BP,I'm trying to move away from spreadsheets for managing my RE. I have rentals I hold and I also have a small, active flipping business. I checked out STESSA and the platform looks nice and I like that it's free b...