Hey guys, I know many of you are probably like me and dont like to leave money sitting in a bank account if where it doesnt do much. I am wondering how others allocate their reserve funds. For example: in a bank accou...

I have an agent that brought a Foreign Investor to our management firm. I am not familiar with the tax rules on this. She withheld 30% of his income, he is stating since he has a US bank account that we should not wit...

Hello BP Bretheren,You have helped me a lot in the past and I am very grateful. One question I have for today...I am transitioning to having a PM manage my properties for me. Among other things, they are asking for my...

I have just found a tenant for my single family investment property in NJ. How best do I go about opening an account to hold their security deposit? An escrow account or a trust account? Is this something I can get do...

Team - I live in North Carolina and my business partner is from Texas.  We recently purchased an investment property on an LLC and have been struggling to open a bank account that has Zelle to collect rent.  All the b...

I purchased a property with existing tenants. Currently, each of them puts their rent in a dropbox. We changed this method to an online system. All of our tenants have signed up except one, who refuses to use the syst...

hello everyone, over the past couple of years we have purchased two single-family homes and also built a guest house on our property. I now have three tenants and I lease part of one of the properties back to my busin...

Hi all,   So we finally got our former primary home, in Washington state, rented this weekend and I know enough of the Washington tenant law to know I am supposed to put their deposit in an escrow account.  I just wen...

Hello BP Nation!
I'm looking to set up Quickbooks Desktop for my Rental Properties that are managed through a Property Manager. The properties are in an LLC that is disregarded to another LLC. 
I am completely new t...

Hey everyone, I've been having issues with my hard money lender in completing the draw funds on my rehab loan it's been over 3 weeks since I've been able to collect funds from my inspection that was completed and also...