All Forum Posts by: Soh Tanaka

Maybe I'm old fashioned, but I give my cell numbers to my tenants. No issues so far. The thing about Google voice like is that, yes I can receive messages, but I want to call them back with my cell, and when I do that, they'll find out about my numbers anyway. 

As you can tell from those who are give the cell numbers, it's not that bad. 

I mentioned this in a different post, and this is just how I feel. I had a series LLC, but not anymore. The fact that it was so easy to create a Series LLC caused some problem for me.

I created a series for each of my rental property. Sounds like a great plan, right? Maybe, maybe not. Let's say you have 10 rentals and created 10 series. That means you have 10 checking accounts, 10 savings accounts, 10 debit cards, 10 checkbooks and potentially 10 credit cards. That was not something I liked, so I consolidated into one.

Sure, the risk went up, but the goal of the asset protections should be weighted with the hassle factor, cost, likelihood of losing your assets also, IMO.

Assuming everything goes according to what you mentioned, it doesn't sound too off, if any, to me personally. Also, I'm not saying it was a good or bad decision, but if you bought a house that needs work, by definition you did not buy a turn-key. When you say "turn", I'm guessing you mean "turn-key property."

I know this is not what you are asking, but I would take a look at the QB desktop version also if you are planning to buy more houses. You have to pay a very high monthly fee to be able to keep track of each property by "class" when using the online version. 

I'm not an accountant, but what I would do is if you have 8 units, and the general bank fee is $80, then you can record $10 for each property.

I know Foxconn is building a huge plant in the area, so if everything goes right, it should be a good place to invest. Just make sure you do your homework. 

Try contacting these people.

https://www.ridgelendinggroup.com/

https://snmc.com/lo/aaronchapman/

This will depend, but I would say generally you want to have the bare minimum of $100 per door, but even that is quite low. If you can do it, $250 per door would be much better.

My experience is limited, but so far I'm thinking about using zInspector.

@James Martin Regard to the bank account, the take on my attorney/accountant was to have a bank account for the master also.