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hmmmm, do you ask the PM or tenants to put the rent into the same account or different one?
was thinking if it's ezier to keep track if the rent were to put into the LOC, and monthly payments to the bank deducted from LOC?
hmmmm, do you ask the PM or tenants to put the rent into the same account or different one?
was thinking if it's ezier to keep track if the rent were to put into the LOC, and monthly payments to the bank deducted from LOC?
Do we use same/different banks for IPs?
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If it's different, and if we have 10 IPs, we will have 10 loan accounts + 10 LOC?!
How did u guys manage to keep track of it?
What banks do you go with for the offset account or line of credit account?
Any bank my broker throws at me....
Cheers,
The Y-man
My dad has a handful of similar sized IP's in the UK - he always charges slightly different rent for each ($350 for one, $355 for another…) so that way he can work out whos paid if there's no reference on the online payment.
Is there a mortage broker on this forum? For Victoria?
What banks do you go with for the offset account or line of credit account?