Recordkeeping
One of the easiest ways to mess up your books in real estate isn’t bad math, it’s misclassifying what you’re spending money on. Let’s say you replace the roof on a rental. Is that a repair or a capital improvement? It’s a capital improvement meaning
Recordkeeping
Real estate investors typically doing their own bookkeeping in-house. Meaning, just doing it themselves and manage files and spreadsheets. At first, it seems like the practical move. But what really happens is this: it starts eating up a lot of your time and mental bandwidth. You end up spending your
Recordkeeping
Introduction When it comes to real estate investing, good documentation isn’t just a nice to have, it’s a must. Tracking expenses, keeping solid agreements, and staying organized with your records can be the difference between a smooth, profitable investment and a stressful, expensive mistake. Invoices, receipts, signatures, year
Recordkeeping
Introduction Bookkeeping may not be the most exciting part of real estate, but it’s essential for managing cash flow, tracking expenses, and maximizing profits. No matter if you’re an investor, landlord or just getting started, maintaining accurate financial records keeps you organized, avoids costly mistakes and ensures compliance
Investing
What is house flipping Imagine taking a tired, outdated property and breathing new life into it, all while turning a solid return on your investment. House flipping is a great venture in the world of real estate, making potential into reality and profit. Before you can start your journey, you
Recordkeeping
When I first got into real estate, I didn’t think much about organization. I saved some receipts, kept contracts in random folders, and tossed a few things into Google Drive. It felt “good enough” at the time. But I learned quickly that poor recordkeeping costs money. If you can’