Mark S.
Bank Account System for Turnkey Properties
If you're buying turnkey rental property in your own name (which will be managed by the TK property management arm), how do you structure your bank accounts?
In other words, since I'm assuming the TK property managem...
Ryan Cleary
Keeping business expenses seperate
As a new agent, I have yet to really explore the legal and accounting aspects. I mainly have been concerned with getting listings. That being said I have been using my personal credit card for all my business expens...
Tom Server
non LLC , use personal checking account to pay mortgage and bills or open a separate
So I purchased a triplex in my name, do not have an LLC. Does it matter if I keep the rents in my personal accounts? Or should i open a separate checking and savings? I do I open a separate account and pay the bills a...
Becca Flim
Business Bank Account vs Personal Bank Account
Hey BP community!
We are in the process of purchasing our first rental property in PA and looking at opening up a separate bank account in order to track our expenses. At this time we are not looking at setting up a...
Sarah Acosta
1st Rental Property Advice
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...
Emilio Pereira
Refinancing into a home I own under my LLC
Hello I have quick question for anyone who could point me in the right direction. I recently bought a property under my LLC to rehab and flip but I’m actually going to keep this to live in. I was thinking about refina...
Ryan Wewerka
Foreclosures: Keeping Appliances
Hello! I hope this finds you all well. I am in the process of working through a contract for my first flip deal. On the offer I submitted, I checked the boxes to be able to keep the appliances because they are nice an...
Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...
Asher Knudson
Business Checking Or Personal Checking
I'm trying to get some answers regarding what kind of bank account I can use for my rental property. I have an LLC so I'm wondering if I can use my personal checking for my business or if I'm required to have a busine...
Tucker Olen
Credit Card for Rental Property
Hello all, I have a question about getting a credit card strictly for rental property expenses. I’m 20yrs old and have one credit card for personal use, but I recently began managing my fathers rental property and wan...