I'd first like to note that I am not yet a landlord, but looking to buy a property to rent out before the end of the year.I have some questions on how you handle your vacancy/maintenance/capex reserves? For example, ...
Hello,We have set up a business account for our LLC, owning a multi commercial property. This LLC has 5 members. Will a single account that pays dividends to members via check on an annual basis a "normal" way of doin...
How are property managers structuring escrow accounts for rent collection?
Do you create separate escrow accounts for each building?
Do you collect all rent through a single account before distributing to individual...
I wanted to get some feedback on the thought of separating Airbnb properties under different Airbnb profiles per property to protect oneself from the "worst case" scenario where Airbnb deems it necessary to freeze, su...
Hey guys,I'm about to close on my first property and the realization is finally starting to kick in. I need to get my stuff together.So I was wondering, for those who have one or many rental properties, how do you hav...
Let's assume the following
In OhioEach property is in an LLCEach LLC has a bank accountAll the LLC's are owned by a single parent LLCIf this above setup is what I put in place, can the tenants of each property pay re...
I plan on owning multiple investment rental properties. I know for each you should at least have it’s own operating & reserve account.However, do you create a bank account that I guess oversees all the specific op...
I'd be really interested to hear how everyone separates their checking/savings accounts as far as for rental properties and also for saving up for the next investment? Do you prefer a single account for each property ...
I have a bank account, called Bank A, that, for a specific reason, needs to have multiple money pass through. By that I mean I constantly need to move money from another account to this Bank A, then immediately wire t...
Hi guys, As a new real estate investor, I have a very basic question that I could use your help with.I'm starting to rack up properties (5 units currently) and my intent is to keep BRRRR investing into more and more. ...