Recordkeeping
When you own real estate, whether it’s a single rental or a portfolio of multifamily properties, you’re not just holding an asset; you’re holding responsibility. When you’re the one in charge, managing, and operating a property, you’ve got a duty to protect it and it&
Recordkeeping
When I first got into real estate, I thought I had it all figured out. My first big win was buying a property, holding it for a few years, and selling for a substantial gain. Suddenly, I had more money in the bank than I’d ever had before. I
Recordkeeping
In real estate, recordkeeping isn’t just paperwork, it's proof. Proof that your deductions are legit. Proof that you’re running a real business, not a hobby. Proof that your deals are performing, not just existing on paper. The problem? Most investors don’t realize this until tax
Recordkeeping
There are a lot of ways to partner in real estate. You’ve got JVs, LLCs, private money lenders or partners, general and limited partnerships just to name a few. It all depends on the deal and how people want to play their role. Some partnerships are quick flips for
Recordkeeping
When you’re ready to grow your real estate business, one thing becomes clear. Leverage is everything. You start thinking about using other people’s money, credit, time, and skills. Finding deals is just the start. The real game is raising capital and earning trust with lenders and partners. That’
Recordkeeping
When you're first getting into real estate, it’s easy to brush off tracking your expenses. “I’m only doing one deal.” “It’s just a house hack, and it’s not like I’m running a full-on business.” “I paid the contractor through Zelle... it’s personal
Recordkeeping
When I first got into real estate investing, the hardest part was finding deals (this is very difficult too!). It was finding someone willing to partner and fund them. Early on, no one trusts your track record because, let’s be real, you probably don’t have one yet. People
Recordkeeping
Most real estate investors don’t struggle with having documents. The issue is they’re everywhere. Receipts buried in your inbox. Invoices sitting in random desktop folders. Closing statements lost in an old email thread from your title company. And when it’s time to refi, file taxes, or show
Recordkeeping
If everything’s going well, a lot of real estate investors and operators treat bookkeeping like an afterthought. It feels like a hassle or something you just outsource and forget. But when things don’t go well? Suddenly everyone’s wondering why no one was on top of the books
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