Bank Accounts for Rental Properties & Real Estate Investors

Setting up bank accounts for rental properties, real estate investors and LLCs? where’s the best place to set up bank accounts for your entities?
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In this episode of Coffee with Carl, attorney Carl Zoellner talks about bank account basics for real estate investing and business, including where to set up bank accounts for your LLCs to retain liability protection.
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Carl Zoellner, Esq. is a senior attorney at Anderson Business Advisors who specializes in strategic planning for business owners with a focus on asset protection and tax planning. Carl speaks across the country to educate small business owners on the tools available for their investments from legal and tax perspectives.
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Disclaimer
The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.
#bankaccount #realestate #rental

[@kerrybaird739]

I needed this information today because we have properties in several states.

[@coffeewithcarlaba]

We are glad that the information provided proved helpful!

[@user-sk1nt6tq3s]

Ty

[@coffeewithcarlaba]

You're welcome! If you have any questions, feel free to ask!

[@ProsperousBudgets]

What are some good online banks for businesses?

[@coffeewithcarlaba]

It really depends on your needs and what you are looking for in a bank.

[@TrevorSchwab]

What bank do you recommend to use for opening multiple bank accounts for multiple properties?

[@coffeewithcarlaba]

It really depends and the answer needs to consider several factors regarding your situation.

[@banginzaza]

So if you have 20 properties you would need 20 separate bank accounts?

[@coffeewithcarlaba]

In theory, that is definitely possible. However, each situation is unique, so we may advise something different for a specific situation.

[@2_572]

Does chase offer real estate LLC crowdfunding accounts?? And do I need to pay $200 a year to maintain it? And leave $1000 in there?

[@coffeewithcarlaba]

I recommend speaking with one of our advisors for any legal advice. Here is the link to schedule a free strategy session, aba.link/carlss. Or you may call to speak with an advisor at our toll-free line, 800-706-4741.

[@wealthinrealestate]

Any opinion on Baselane?

[@coffeewithcarlaba]

Join us for our next Free Tax & Asset Protection Workshop Livestream. Our attorneys and specialists will answer all your questions at no additional cost. Save Your Seat: andersonadvisors.com/real-estate-asset-protection-workshop-training/

[@kingalainc1]

Does not offer maintenance requests or tenant communication via the platform, that was a deal killer for me.

[@kellycuster6850]

@@kingalainc1 Which did you go with?