Business Management can often be similar across many industries and types of enterprises. Successful real estate investors treat their investments like a business and run them professionally. This section of the BiggerPockets Blog contains articles that can help journeyman investors systematize and professionally run their real estate businesses. Topics include hiring, management, business policy, and scaling. These articles are written by some of the best investors in the business, and in regions throughout the country.
Investors, especially new investors, focus on how to correctly run the numbers on their investment properties. They plug numbers into spreadsheets and formulas to come up with the correct income…
Here at BiggerPockets, we sometimes need to look at the bigger picture. It’s of course imperative that we ask ourselves what we want to achieve and why. After we do…
When I first started as a real estate entrepreneur, I thought I must either be a hard or soft negotiator. As a hard negotiator, I had to be strong, intimidating,…
As income for real estate investors increases, so have IRS audits in these areas. While it is important to minimize our tax liabilities, it is just as important that we…
Hey there, BP! It’s Liz back this week because Matt is “tied up,” haha! I am super excited to share a simple, yet powerful exercise that you and your spouse…
For many real estate investors, the ultimate goal of most investment properties is to achieve consistent positive cash flow. Without positive cash flow, your investments are pointless at best and…
A few weeks ago, I discussed the power of anchoring with regards to negotiations. As Daniel Kahneman describes it: “[Anchoring] occurs when people consider a particular value for an unknown…
As a CPA a common question I am asked is: “How can I create a tax shelter using my real estate?” Let’s be honest: most of us, including me, do…
[Editor’s Note: A version of this post originally appeared in the BiggerPockets Member Blogs.] “Measurement is the first step that leads to control and eventually to improvement. If you can’t…
I’m almost speechless. For those of you who know me, you know this is rare. But I just got finished setting up a real estate lead generation website (a “I…
[Note: While the concepts discussed here are in relation to wholesaling, the principles can be applied towards finding any kind of real estate partner — or a business partner in…
Hello BP. Liz back this week to talk about the scary and exciting step of hiring your first team member. I can remember when we took that plunge about 5…
Property insurance is perhaps one of the most confounding aspects of the real estate business. It is something that investors will want or be required to purchase. But how it…
