Nich J.
Bank accounts and credit cards for multiple properties
How do other investors organize banking transactions with multiple properties (single family, duplexes, 3/4 units)? Do you set up separate business checking accounts for each property or property class or do you run ...
Justin Kushner
Starting Out Setup... Bank Accounts, Credit Cards, Etc.
Hello, BP Community!I am close to acquiring my first two SFRs in Alabama, and will be adding one in Indy shortly for a total of three.While this is very exciting indeed, I am now getting overwhelmed with the concept o...
Ari S.
Line of Credit secured to Account Receivables income
Do yyou think it's a good idea to get a credit line based on your rental income from another property? for example, if you get $10k/mo from a property in total, then you can borrow up to $120k against your account rec...
John O'Brien
Opening Separate Bank/Credit Card Accounts in LLC
I'm looking to set up a separate bank account for my first rental and was wondering if anyone had best practices to share? The property will be in an LLC. Ideally, I would love to set up an ally-type-account to hold t...
Scott Coblentz
Savings, credit, or checking account for starting up?
Hello, this is my first post! I just got my first rental property and inherited a tenant. In setting up my business accounts, I am questioning whether I should use a savings account where I deposit rent payments and p...
Natalie Lee
Business banking account recommendations: credit union or bank?
Hi, we live in Northern California and are investing in Phoenix. Which bank do you recommend setting up our business banking account for the rental properties with? We could go with the big banks like Chase or Bank of...
Alicia Ro
Reading "closed accounts" on Zillow's Experian credit checks
Hi all, We decided to use Zillow's application and tenant screening process and now are a little confused. Turns out we weren't getting their full credit reports, just a summary version -- that includes a credit score...
Michael Tang
4 collection accounts, 726 credit score, good rennet?
Hey guys, I’m just starting out. Got my first rental place,renting out my place now and showed to a couple of interested tenants / applicants. One of the applicants is really standing out and he is polite and decent, ...
Fayez Siddiqui
separate account and credit card for rental business
We should make a separate account for the rental business but is it also recommended to get a separate credit card as well?If so any benefit of a business card over a personal card?If so what kind of payments would yo...
Youssef Fahmane
Bookkeeping Recommendations and Strategies
Hi everyone,
Me and my team are still learning and we would appreciate if you can give any recommendations on how you go about your book keeping. We have QuickBooks but it takes us a lot of time putting in the detail...