โญ Join Rental Property Mastery, my community of rental investors on their way to financial freedom:
https://www.coachcarson.com/rpm
๐๏ธ Episode #372 โ If you nail bookkeeping, itโs like seeing everything - like Neo in The Matrix. Coach and Kat break down how tracking every dollar can steady cash flow, impress lenders, and even reveal hidden profits. Hereโs how to get your books in shape and level up your real estate business
โถ๏ธ Next Episode: How to Avoid Income Taxes (Legally) with Real Estate Investing
https://podcasts.apple.com/us/podcast/282-how-to-avoid-income-taxes-legally-with-real-estate/id1448707654?i=1000603907846
๐ปFree Bookkeeping Resources from Kat:
https://www.coachcarson.com/kat
๐งฎ Get QuickBooks, my favorite accounting software:
https://quickbooks.partnerlinks.io/637lxrq6nwlh
๐ Show Notes:
https://www.coachcarson.com/masterbookkeeping/
๐ฌ Timestamps:
0:00 - Having good books is a superpower
0:54 - Why is bookkeeping important?
3:54 - Benefits of having good books
7:12 - The basics of bookkeeping
13:01 - What will be required if you're audited?
15:31 - Best bookkeeping bank account practices
19:41 - Best bookkeeping software
25:35 - What should your bookkeeping schedule look like?
28:32 - What are reports and balance sheets?
34:39 - Hiring a bookkeeper
39:18 - Importance of hiring an accountant
44:43 - Set up your books early
46:01 - Connect with Kat
46:59 - Reduce your rental income tax
๐ Connect with Kat:
โข Instagram:ย https://www.instagram.com/kat.invests/
โข Blog:ย https://beyondjustnumbers.com
_________________________________
โ๏ธ Get my FREE Real Estate Investor Toolkit:
https://www.coachcarson.com/toolkit-pod
๐ฅ๏ธ Learn with Coach (Courses, Books & more):
https://www.CoachCarson.com
๐ Connect with Me:
๐ธย https://www.instagram.com/coachchadcarson
๐ย https://www.facebook.com/coachchadcarson
๐ฆย https://twitter.com/CoachChadCarson
๐ฐ DealMachine โ Software to help you buy more real estate deals:ย https://www.coachcarson.com/dealmachine