Israelis who have purchased an LLC in English and do not have a bank account in the United States.
Israelis who have purchased a property named LLC in English and do not have a bank account in the United States. If the receipts from rent are sent by check to Israel. A bank in Israel requires that the check be in the name of the account holder. A bank and management companies sometimes insist that the check be in the name of the property owner - the LLC. In whose name does the management company register the check - the LLC or the investor?
I was approached by an investor who had previously bought at a “guaranteed income” company with an LLC in his name and his son, and a management company was recently bought by another company and not the most cooperative, in short a salad…
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Friends, please note, there is no problem with bank transfer. It is about transferring rent payment *by check* to reduce costs. A check is a few dollars, a bank transfer is a few tens of dollars. Opening a bank account in the US is an additional cost. Transferwise is also still significantly more expensive than a check. When purchasing a property or two, you need to see how not to burden additional costs from banks, etc.
Friends, please note, there is no problem with bank transfer. It is about transferring rent payment *by check* to reduce costs. A check is a few dollars, a bank transfer is a few tens of dollars. Opening a bank account in the US is an additional cost. Transferwise is also still significantly more expensive than a check. When purchasing a property or two, you need to see how not to burden additional costs from banks, etc.
A management company should not make difficulties in this matter. The investor can ask where to transfer the money. If they still insist on transferring only to a company account they will open a US bank account. I would love to help with that.
A management company should not make difficulties in this matter. The investor can ask where to transfer the money. If they still insist on transferring only to a company account they will open a US bank account. I would love to help with that.
I own a company in Israel that is the only member of the LLC in the United States. The company has an account in Israel. The management company makes a bank transfer at the frequency I set for the Israeli account in the name of the company.
I own a company in Israel that is the only member of the LLC in the United States. The company has an account in Israel. The management company makes a bank transfer at the frequency I set for the Israeli account in the name of the company.
If the management company is willing to make a bank transfer, check the possibility of opening a business account at TransferWise
If the management company is willing to make a bank transfer, check the possibility of opening a business account at TransferWise
Simple and to the point, without headaches: the check must be in the name of the property owner as it appears in the DEED registration. Everything else is a combo and a successful method.
Simple and to the point, without headaches: the check must be in the name of the property owner as it appears in the DEED registration. Everything else is a combo and a successful method.
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