All Forum Posts by: Mark Sandoval

Hello, all. I have my first rental property under contract in the Huntsville, Alabama area and I am struggling to find a good property manager. Do any of you have any good experiences or suggestions? Thank you

 Awesome, thanks for the help

 I live in California, however I’m purchasing a house in Alabama. How do I check if my state requires a separate account for security deposits?

Hello, I am new to real estate investing and currently have my first investment property under contract. I read in the book on Rental Property Investing that I should get a business checking account for income and expenses and a business savings account for security deposits. When I inquired with a few banks about a business account, they told me I need an LLC or some type of way to prove I'm running a business. However, in the same book, Brandon advises that an LLC isn't necessary especially when you're first starting out in investing. Should I just open a new checking and savings account with a different bank than what I use for my personal accounts? Also, I plan on using a property management company, so I don't know if that makes a difference. Would they handle all that and just give me the cash flow? Thanks for the advice