The house I'm renting went for auction beginning of Dec 2010 nobody bought it so it went back to the bank. They sent me certified letter saying where we can send our rent and our lease agreement to. I called the lady ...

Closing on my second rental next week! And in setting up all the paperwork, I'm wondering what are the pros and cons of having one bank account for all properties vs. having separate bank accounts for each.  The main ...

Hello BP!
Hello everyone, in the coming months I want to be prepared to bounce on apartment complex deals due to covid-19. I am looking for a lot of advice for after I purchase the asset and how to effectively run th...

I set up a parent LLC (not a series) for my properties (each have a LLC). I have a separate acct for each door. Each account has a checking and savings. the savings is for deposit escrow. If I move my rental income to...

Curious how some of you with lots of doors handle multiple security deposits? I have been using Capital One Bank 360 (which allows you to have up to 30+ accounts) and creating a separate account for each apartment's d...

Do you have everything flow in and out of a single account and let accountant does his thing? or you set up one new account for each property you own. or is there an even better method? I want to keep a more accurate ...

How do you guys track rental income from your properties? More specifically, do you put it into a bank account (savings or checking) that is specifically for your rentals? What are the disadvantages/ advantages. I onl...

Hi everyone

I’m planning to start a property management company and would appreciate some advice on setting up my fee structure. I’m looking to understand industry standards and best practices. Here are some of the...

Howdy BP Nation!
I'm fed up with the poor response times, the high expenses, and generally poor ROI (time and money) on using a professional property manager on one of my SFRs, so I'm planning on going to self-manage...

The cash pile (well digital that is) is adding up. Who here knows whether Barclays or Ally bank are a better way to go for high yield online savings account?Barclays is 1.85% per year and Ally is 1.8% for Ally bank. T...