How to Ditch a Crappy Business Partner
Over the years, I’ve easily lost over $2 million working with the wrong people. So, for all of you in a partnership now, if it’s a toxic relationship, you may…
Real Estate Business Management
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.
What Investors Should Understand About Attorney-Client Privilege
When it comes to going over business plans and tax structures with a lawyer, you need to understand which information is privileged and which is not. Don't give crucial information…
Real Estate 2.0: How to Exponentially Grow Your Empire With Technology
Real estate has finally started to be—in the words of Silicon Valley—disrupted. As technology becomes more and more important, every company increasingly becomes a software company. Here are some tips…
Caught Off-Guard by COVID-19? Prepare Yourself for the Next Black Swan—Here’s How
A black swan is an event that is so far outside of the norm that it cannot be reasonably anticipated by markets and investors. I think it’s fair to characterize…
How Does an LLC Owner Get Paid?
If you plan on setting up an LLC for your real estate business, you might be wondering how you'll get paid. Use this post as a guide to paying yourself…
What’s a KPI? How Measuring Key Performance Indicators Can Help Grow Your Business
In any business, if objectives are not met, the work being done may be largely (or wholly) useless. It is imperative to know whether the things you're doing are effective…
5 Simple Steps to Systemize Your Business (Work Smarter, Not Harder!)
Systemizing your business is imperative to succeed. It gives an organization and its members a clear overview of their respective roles and how to perform standard operating procedures (SOPs). With…
How to Obtain Real Estate Professional Tax Status
What is real estate professional status (REPS)? How do I qualify, and how will it save me money on taxes? CPAs Amanda Han and Matt MacFarland answer all your questions…
What Being a CPA Has Taught Me About Becoming a Millionaire
Being a CPA has allowed me to peer into the financial lives of many successful real estate investors. Though I’m not a millionaire myself, I’ve identified habits, mindsets, and logic…
5 Lessons I Learned From a Real Estate Partnership Gone Bad
Learn from my mistakes! This article details the story of my first real estate partnership—and the lessons I learned from a relationship gone bad.
How to Boost Your Business by Asking Tenants for Testimonials
Obtaining positive reviews and testimonials from your best customers on a consistent basis is important but rarely done in our industry. Consider automating the process to ensure it gets done…
An Invaluable Website Every Real Estate Investor Should Know About
Are you starting a real estate business? If you are, consider setting up your business with an LLC or similar structure. The Small Business Administration offers tips and resources for…
4 Lessons I’ve Learned From My Made-in-Heaven Real Estate Partnership
A real estate partnership can either make or break your ability to build a thriving business—in addition to making work more enjoyable. Unfortunately, a lot of people don’t seem to…
