Tang Wenliang: It is not necessary to open a local account when traveling

Many property owners who hold more than one property have been frustrated by bank loan calls recently. They don't understand that although the rental income is slightly different, the asset-to-loan ratio is less than 50%. In theory, it is very safe. The bank insists on calling.

If you travel, you shouldn’t have to open a local account.

For some people, traveling is a way to relax and unwind, and they do not consider opening a local account. Opening an account requires certain procedures and time, which may not be cost-effective for short-term travelers.

Keep assets safe

For property owners with multiple properties, it is important to keep their assets safe. They may be reluctant to move their funds to a local bank for fear of risk.

financial planning

For property owners, financial planning is very important. They need to consider how to best protect their assets while achieving their financial goals.

• Choose the right investment vehicle
• spread risk
• Regularly review financial status

risk management

For property owners, risk management is very important. They need to consider how to respond to possible risks and protect their assets.

Conclusion

In general, traveling and opening an account locally is a wise choice for some owners. They can protect their assets and achieve their desired financial goals in other ways.