Ways to Avoid Bank Fees in Relation to Real Estate:

 



Ways to avoid bank fees in relation to Real estate:

  • Overdraft Fees: Be aware of your account balance and opt out of overdraft protection to avoid these fees. This is particularly important when it comes to managing funds for a property purchase or mortgage payments.

  • ATM Fees: Plan ahead by checking with your bank for free ATM locations, and keeping some cash on hand to avoid using other bank's ATMs when purchasing or managing property.

  • Monthly Service Charges: Waive monthly service charges for checking accounts by meeting certain requirements, such as direct deposit from rental income, or using the account for property management expenses.

  • Low Balance Fees: Monitor account balances and move funds to accounts with higher balances to avoid low balance fees. This is important when it comes to keeping track of funds for a property purchase or management.

  • Shop Around: Look for a bank that meets your needs and has lower or easy-to-waive fees, as this can save money when it comes to property transactions and management.


Jeff Miller
REALTOR 
S.0197087
Berkshire Hathaway HomeServices Nevada Properties

Comments

  1. Alexbuys VegashousesMay 3, 2024 at 9:10 AM

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