Real Estate Bookkeeping 101: How to Set Up Your Business for Success
Are your books up to date, clean, and spitting out the numbers you need? Here’s what to consider when working with a bookkeeper and/or CPA.
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.
Are your books up to date, clean, and spitting out the numbers you need? Here’s what to consider when working with a bookkeeper and/or CPA.
Try these strategies before year-end to avoid shrinkage in your real estate investments and save a boatload on taxes.
With the limitless structure the digital world has created, syndicators and investors are able to find new opportunities for growth.
Most businesses fail because they run out of cash. But if you know your numbers, you can avoid this common pitfall.
In business ownership, everything is earned, as demonstrated by these examples of how you can grow your business in three main stages.
A Delaware statutory trust is a vehicle for passive real estate ownership that provides investors a shield from franchise taxes. Learn how to qualify here.
Landlords wanting to automate property management may struggle to pick the best program. Here's what you need to know—and how to choose.
“How much do you need?” They're the most beautiful words to hear if you’re a real estate investor speaking with a private money lender.
We're all prone to mistakes, and that's fine. But if you're getting into buy and hold investing, avoid these catastrophic errors like the plague!
When you use a business trust, investments are legally separated from your personal assets. LLCs, however, have limited personal liability. Find out more here.
You likely got into real estate to escape the proverbial rat race. You started an investing company and began doing deals, that's one way to escape—or so you were told...
Make your work with subcontractors easier by leveraging tried and true resources and approaches that help you stay organized.
Today, I am going to take a stab at one of the questions that goes around a lot. Should you get a new LLC every time you buy a property?