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Updated almost 10 years ago, 12/24/2014

User Stats

127
Posts
10
Votes
Matt Liu
  • Jersey City, NJ
10
Votes |
127
Posts

Each property: its own LLC, Debit Card, HomeDepot Card, & Quickbooks file?

Matt Liu
  • Jersey City, NJ
Posted

I'm starting to really expand my portolio with a lot of houses. As it grows I'm also creating more LLCs. Isn't this going to get overwhelming to have in my wallet a Credit Card, and Home Depot Card for every property? Then I also have to remember which house(s) in which LLC every time I make a card purchase.

Lastly I need to of course have a separate quickbooks file for each property (and in the cases of multiple property to one LLC, separate classes in quickbooks for each property within that LLC).

Sheesh!! Does everybody go through this same ordeal?

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