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All Forum Posts by: Landon Mizuguchi

Landon Mizuguchi has started 3 posts and replied 102 times.

Post: RentRedi Assistance and setup

Landon MizuguchiPosted
  • Posts 103
  • Votes 19
Quote from @Eric Risdon:

I need some help. I have been trying to get my RentRedi account active for over the past month. My Property says "Reviewing Bank" and that it will take 1- 3 Buisness Days and it has been well over a week and it still says it. At this point I have tried to get assistance through the phone and chatbot. Each time I am told they need to check with someone, and then nobody ever follows up with me. I was given a rep to assist me with my initial set up and she helped me get through underwriting but, when I tried to contact her to finish or join into our meeting I heard nothing. I tried to set it up myself and it says that I can collect rent but when a tenant tried to pay early it says that I am not yet ready to process payments. 

I am posting this here because I am hoping someone that works at RentRedi might be on this forum and can help me get the assistance that I need so I can start using the product. This is my first investment property and I truly believe that RentRedi can suffice and fill my personal management needs. But it feels like I am running into wall after wall, and it keep advertising addons (which are fine and some I may take advantage of) but my account isnt even fully set up yet.

At this point, I am also open to other comparable products that offer me similar serves as a comparable price.

Thanks everyone

Needing to reach out to RentRedi support on Biggerpockets could be a red flag.

I originally left QB and looked at both Stessa and Digb. I like Digb because they also support with tax filing. Downloaded my stuff from QB and quickly imported and now have everything in one place. 
Quote from @Cilin Shi:

Hi Heidi here, excited to learn different strategies in real estate investment, currently looking at rentals, but open to more

welcome!
Quote from @Edward Toomey V:

I switched from Quickbooks to RentRedi 5 months ago because the payment processing fee cost me $400 a month with Quickbooks. RentRedi claims to be a system built by landlords for landlords and I have to disagree. The number one problem with RentRedi is the total lack of customer support and yes with Intuit you will have to talk to an oversees call center but every question I needed help with got answered and all problems got resolved. With RentRedi you are reduced to talking to a "BOT" until an agent decides they want to chime in (still only on a chat window no phone numbers for RentRedit). Today was the final straw for me as I have come to realize you can not get a transaction report that shows a breakdown of deposits so I can show proof of rents received to my lenders. Appfolio is more expensive but after saving money for these past 5 months I have determined RentRedi could be free and I would pass. 

I was using Quickbooks and left after checking out both rentredi and Digb. I choose Digb specifically to avoid some of the issues you mentioned. Also, they support with tax filing.

Post: RentRedi or Stessa

Landon MizuguchiPosted
  • Posts 103
  • Votes 19

@Ravi Patel I have 15 properties. I trial both QB, Stessa and Digb and eventually went with Digb since they also support with taxes and are focused on investors with portfolio our size.

Post: Mid Term Rental for Travel Nurses

Landon MizuguchiPosted
  • Posts 103
  • Votes 19
Quote from @Tuan Huynh:
Quote from @Jack Tulloch:

Hey Tuan - I think MTR's present a great opportunity for investors. Check out this recent article posted discussing the mid term rental investing strategy! 

Why Everyone is Speaking About the Medium-Term Rental Strategy


 Jack, thank you for the article.

Yes, helpful - thanks!
Quote from @Vishnu Balraj:

Can someone provide references to insurance companies that covers rental properties in California. My previous insurance company decided not to cover the property. I am looking for references for both insurance companies that cover rental properties as well as primary residence homes.

Thanks

The Hartford
Quote from @Roshan Srinivasan:

Title says it all. I've been looking into BRRR and buy-and-flip in the Bay Area and was curious which areas people have generally been focusing on for greater ROI and also if they have been investing as a solo investor or as part of a real estate fund. Thanks!

I know a few people DM me
Quote from @Adam Mathews:

We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for someone to take over and have been getting quotes as high as $1,200/WEEK for annual tax filings including some book keeping and payroll for 2 entities. (No strategy calls, or advice meetings/etc)

Are these the normal rates for the NYC area?

I appreciate any feedback or comments, thank you.

@Adam Mathews Since you have 33 entities and multiple members per LLC you might consider using this platform, Digb.com, to track ownership/LLCs across your portfolio and you can invite your real estate CPA to help with taxes.

I have 10 LLCs and each with multiple members and it is a lot easier to issue K-1s to LLC partners and collaborate with them and your CPA. Saved me a lot of time and hours billed by CPA.
Quote from @Logan M.:
Quote from @Landon Mizuguchi:
Quote from @Logan M.:

As I have been acquiring more real estate I have had to figure out how to scale the business utilizing Software and people. My systems are not perfect but I am consistently looking for ways to improve. 


This is my general breakdown:

Software

-Rent Manager

-Asana for Project Management 

-Google Suite for back emails, phone numbers, and Google Drive

-REI Hub for Accounting specifically for the properties

Employees

-Operations Manager

-An assistant to the OM mainly helping with call follow-up, part-time

-Full-Time Handyman

I would like to know what beneficial tools others are using.

Here's mine

Software
- Zillow for rent collection
- Google sheets for project management 
- Builduim for project management
- Google Suite for back emails, phone numbers, and Google Drive (also use box.com)
- Digb for taxes and tax software

 Can you tell me more about Digb?

Sue, I use Digb for tax planning and tax filing across my rental portfolio. 

One of the challenges I have right now is that the financial info for my rentals are spread out across self-managed and property managers and I have a couple investments properties in LLC with a few partners and a couple in my own name. Digb pulls all of info (e.g. bank, property management statement) together in one place where and can also add my investment partners and get a sense of taxes due / savings during year for portfolio. 


At the end of the year it's easy to file taxes and then me and my LLC partners can just download K-1s and file our personal taxes.

Quote from @Logan M.:

As I have been acquiring more real estate I have had to figure out how to scale the business utilizing Software and people. My systems are not perfect but I am consistently looking for ways to improve. 


This is my general breakdown:

Software

-Rent Manager

-Asana for Project Management 

-Google Suite for back emails, phone numbers, and Google Drive

-REI Hub for Accounting specifically for the properties

Employees

-Operations Manager

-An assistant to the OM mainly helping with call follow-up, part-time

-Full-Time Handyman

I would like to know what beneficial tools others are using.

Here's mine

Software
- Zillow for rent collection
- Google sheets for project management 
- Builduim for project management
- Google Suite for back emails, phone numbers, and Google Drive (also use box.com)
- Digb for taxes and tax software