Meg K.
Rental Application
Hi,I am reviewing rental applications here on BP. Why do we ask for Bank information and account number? Is it necessary?Thanks, Meg
Thyra Dixon
How do you run your rentals from a banking & entity POV?
Hi BP community! I'm looking for advice on the best way to manage my BRRRR properties and the entities and finances associated with them. Here's where I'm at now:I currently own one SFR that is under renovation for re...
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 ...
JAY SHETH
LLC as Rental property Manager only to showcase as business income
Hello,I am rookie who is ready to make my first primary home as a rental property. I will be moving out of my primary home and make it rental house. The deed and mortgages are on our personal names. I have few questio...
Sharlene Ko
Room by room security deposit.
Hi! Just starting with house hacking and bought a 3/3 SFH. I'm looking into doing room by room rentals with me living in one of the rooms. My question is where do you guys place their security deposit? Is it a separat...
Shahad Choudhury
Deduct partnership expenses without property in an LLC
Hello!I started a business in late 2018 with a partner with the plan to do rental real estate. We didn't have the LLC formed quick enough, so bought a Single family home in our own names and started rehabbing it. Thr...
James Merritt
Managing finances for multiple STRs (how to run a business?)
Right now were 3 STRs and looking to getting more. This is what I'm wondering. Right now each property has a bank account set up for it where the mortgage comes out of. 2 of the three have the utilities and expenses c...
Kimberly Ashkenazi
International funds question
Hi I have a few family members from out of country the would like to lend me money for my real estate venture .They are not US citizen, they don't have a us bank account and not planing on coming here any time soon.Wh...
Alan Bosca
Adjusting for Rent Payment Software Delay
Hi -Almost all the online rent payment options, including the popular Apartments.com have 5-6 day delays on funds hitting your bank account. Does anyone require payment to initiate several days before the 1st of the m...
Uneeq Khan
Banking and Cash Management Strategies
I've. Even trying to figure out what banking and cash management strategies works best for landlords. Newbie here and working on finding my first multi family deal. Got tons of +questions, please bare with me. Do each...