First things first: we want to make it clear that even though this post is going to be covering property management accounting basics, we are NOT accounting. If you have any questions on property management accounting or how it relates to your investments, get in touch with a CPA in your …
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The #1 Reason Real Estate Investors Go Bankrupt
When you buy an investment property, you’re doing it to make money. But even if you go into the situation with the best intentions — and the expectations to make some serious cash — it doesn’t always work out that way. Approaching real estate investment in the wrong way can lead an investor to go …
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Don’t Get Swindled: How to Read a Real Estate Pro Forma Cash Flow Report
No matter what kind of investment property you own, the most important metric for measuring success is cash flow. You need to make sure the properties you’re investing in will generate a profit — otherwise, you’ll quickly find yourself with a portfolio that’s draining your bank account instead …
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Become a Successful Real Estate Investor by Adopting These 5 Traits
Ever wondered why some people make it in real estate while others don’t? They just aren’t making as much money as they thought and seem perpetually stressed? Meanwhile, the best investors always seem to be ahead of the curve — knowing what properties will pay off and what’s not worth their time. And …
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5 Must-Know Real Estate Investing Metrics for Evaluating Your Portfolio’s Performance
There’s no arguing that investing is a numbers game. So it makes sense that when it comes to investing in real estate, there’s nothing more important than understanding real estate metrics.Having a firm understanding of the key metrics in real estate investment is a crucial part of building a …
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Rental Property Accounting: 9 Tips to Keep Your Finances in Order (and the Tax Man Happy)
As a real estate investor, there are a lot of things you need to stay on top of to ensure the success (and profitability) of your investments; you need to keep your properties well maintained, you need to find responsible and trustworthy tenants, and you need to hire the right property management …
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7 Simple Kitchen Renovations to Boost Your Rental Property’s Appeal and Price Point
There are plenty of things that tenants consider when viewing a potential rental, but there are few things more important than the kitchen.For many people, the kitchen is the heart of the home. It’s where they assemble their Thanksgiving meal, it’s where they bake their holiday cookies, it’s where …
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What You Should Know About Raising Money for Real Estate Investing
Cash money is the best money, right? Even though a house costs the same no matter how you pay, cash gives you more options. With cash, you don’t have to use the entire amount towards one property. Instead, you can diversify your investment and bring more return. So whether you’re looking to hard …
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Your Real Estate Cash Flow Should Be Protected at All Costs
There are plenty of factors that contribute to a successful real estate investment business — purchasing profitable properties, maintaining relationships with vendors, understanding the market and how to make it work to your advantage.But there’s one part of your business that’s so important that it …
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How Much Money Do You Need to Start Investing in Real Estate?
As a new investor, you have a lot on your mind. And money is undoubtedly at the top of that list.If you’re looking to start investing in real estate, here's just how much money it’ll take.Before You Get Started...Before you look for a real estate investment, make sure you have all other obligations …
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