Matt Morales
Asset management for multiple properties
Hey everyone, I have a question about asset management when it comes to multiple properties. Specifically speaking in terms of how to financially manage it. Before I get to my question I want to make clear I am not as...
Arif Siddiqi
Distributions from business account
I have rental income that is being deposited to my personal bank account. After establishing legal entities, I have created a business bank account and planning to divert all my rental income to new business account ...
Curt Smith
Paying contractors with debit cards or some other means?
Hi, I have a problem paying rural contractors. My out of state checks don't work for them. They need to run to a check cashing place regardless of the cost and get cash. Yes I agree, I need to hire more stable cont...
Roy C.
Rental Account Set Up, How do you do it (Efficiently)?
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...
Jessica H.
First-Time Landlady: How to collect rent from cash-only tenants?
Hi everyone! I'm so happy to be posting for the first time here at BP! I'm a long time podcast-listener and have been reading the forums and blog posts for a while. Also, I'd like to share that I'm closing on my first...
Christen G.
So many LLCs - some advice needed
Morning everyone. I am looking for some strategies, ideas and advice on how to structure our partnership with regard to LLCs. My situation is thus: I own 3 small MFH with a partner. Our Operating Agreement is still be...
Chatree C.
How do you manage rental income into maintenance, capex, etc
Hi, newbie buy and hold investor here! I wonder what's the best way to manage or bookkeep rental income so I set aside part of the money into profit and future expenses such as maintenance, capex, tax, etc.
If I leav...
Michael Oliver
Question Regarding using lease for funding
Long story short-ish:I have a current mortgage and my DTI is too high, but the thing is an amazing STR. Would do 5k a year easily. Has a flavor for all seasons.But I have to live there. Im trying to move out so it ...
Dan Bosak
Options for Automating Rent Collection from Cash Paying Tenants
I have my tenants with bank accounts paying almost exclusively online and it makes rent collection and tracking so much easier. I am looking for a similar option for tenants who don't have bank accounts and are payin...
Alexandra Sales
LLC vs Personal Property finances and mortgages
Hi all I have a few questions regarding properties under LLC vs personal for buy and hold / BRRRR strategies...
Can a rental property be under our personal names (mortgage title/deed), but the bank account for renta...