One of the best parts of this show is that we get to answer real questions from rookies who are in the trenches right now.

Yeah, and today's questions are all over the map.

From where to stash your rental income so it's actually earning you something to how to find deals in a tough market like Chicago, to running numbers on a $700,000 short-term rental.

And the cool part is these are the same kinds of challenges

that rookies everywhere are facing, cash management, deal flow, and running STR numbers the right

way. So if you've ever wondered how to maximize your rent deposits, how to break into a

competitive city, or what you might be missing when analyzing an Airbnb. This episode is for you. This is the Real

State Rookie Podcast, and I'm Ashley Care. And I'm Tony J. Robinson. And with that, let's jump

into our first question, which comes from Kevin in the Bigger Pocket forms. Kevin says,

where do landlords keep rental income to earn interest before expenses?

I'm looking for smart ways to maximize interest on rental income before mortgage and expense

payouts. What accounts or platforms do you use? Right now, I keep my rental income in a standard

checking account that doesn't earn interest. On average, I bring in about

8K per month in rent and spend around 6.5K on mortgage and expenses that leaves me with roughly

$1,500 sitting idle each month, not earning anything. I'd love to hear how other landlords manage this.

Are you using high-yield savings accounts, money market accounts, or landlord-specific platforms

to make your cash work harder

between rent collection and payouts. This is actually the cool question. I mean, we're on

episode like, I don't know, 600 and some odd, right? And I don't know if anyone's ever asked

this question of like, where do we put our cash to make it work harder? I guess just quick

context, right? When you have money sitting in a bank,

if it's in a traditional account, it's earning usually pennies, right? If that.

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