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Let’s say my property rent not NOI is $1m a year. All tenants pay online using an online service or app etc. I have a property management company that I pay 10% so $100k.As the property management company manages the ...
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I'm about to get a second property online and wanted to keep the two properties in separate bank accounts. I use OwnerRez and could probably set up another Stripe account for that property that deposits directly to a...
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I’ve always had this concern do u need a business account bank account or you can use your personal account bank to do real estate investing. Do u need a create a different account if u put a property under an entity?
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I have 2 properties where I require rent to be paid by ACH. The tenants started paying by Zelle.I've always had all transactions coming from one bank account but that bank account does not accept Zelle. The money come...
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I currently self manage my properties. I just have four. I am planning leave town for a couple of months this winter, has anybody had any experience with just giving tenants deposit slips and allowing them to deposit ...
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For those landlords who take security deposits in City of Chicago, is a separate business bank account sufficient for the security deposit or do I still need to set up the special landlord account that requires all W-...
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My renter keeps getting the same message that his account needs to be reconnected. He is also saying it won’t let him enter a dollar amount.
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Could use some Tax Attorney or CPA advice! Here's what I have.. My husband and I live in a small Western New York College Town. We currently own over 20 properties primarily Student Rentals; 1- (6 unit 1bd), 1-(3 bldg...
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Hey BP. Wanted to ask how experienced investors set up owning multiple SFR in terms of bank accounts. Is there one bank account with multiple checking accounts attached to it or just multiple banks with multiple accou...
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My husband and I just closed on our first rental property last month. We are wondering from a financial standpoint, should we open a business bank account or just a superare personal bank account to keep all finances...