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I bought one property which I am rehabbing in Baltimore. The property was bought under a business name (LLC). In order for me to turn on the electric, gas, water..temporary until the property is rented. Shall I keep t...
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What are some of the best practices in managing the LLC bank account with regards keeping it compliant with rules of separation from personal use (example: can ransfers be made from personal acct to LLC for certain pa...
Hello Kansas City, Missouri and Kansas BP members. Have a friend that is looking for a good Real Estate Tax accountant. Any recommendations would be great!Thanks!
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Hi,
Im restructuring my rentals and several members, articles and youtube videos suggest to have a Holding LLC and have individual LLCs inside of it owning one RE property per LLC.
Then open a traditional LLC to ma...
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Hi all, I was wondering what Trust Accounting software that you are using? This only applies to short term rental property managers. Don't say quick books as CPA's say it doesn't do well with Trust accounting.
Hello Everyone,
I'm searching for a Canadian cross border accountant, preferably from Ottawa,Ontario, if not Toronto, Ontario would work too.
I do have a US accountant in the state of Florida that does ...
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Wondering how people set up their bank accounts. My lawyer & accountant said to have separate accounts for each property and not to transfer to personal accounts. I'd like to follow profit first method of banking,...
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I'm not sure when it happened, but BP looks to have removed the banner/label of Plus Membership from account photos. When did this happen? It looks like they phased out the Plus Membership (Pro Only), but hopefully ...
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For how I understand the statute in FL deposit monies must be kept in a separate account for each received and landlords are not to commingle these funds with any of their other funds (sect83.49). I simply read this a...
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Any Central Ohio bankers experienced with opening a Solo 401k checking account?Looking to complete some of my fix and flip projects within my retirement account, without have to wait days for money transfers for labor...