Coach Carson | The Dirty Secret of Real Estate Investors @CoachChadCarson | Uploaded January 2023 | Updated October 2024, 5 hours ago.
โญ Join Rental Property Mastery, my coaching & learning community:
coachcarson.com/RPM-YT
๐๏ธ Episode 276 โ Real estate investors have a dirty secret - most of them don't know how much money they're actually making. But small, easy improvements to accounting and bookkeeping best practices can fix that. In this episode, Coach Carson explains how he does accounting and tracks the numbers in his real estate business.
๐ Show Notes: coachcarson.com/bookkeeping101
๐ฌ Timestamps:
0:00 - The dirty secret
2:39 - 6 benefits to good accounting
6:25 - The books and supporting docs
9:04 - Best practices
9:43 - No commingling
12:05 - Track & categorize
14:24 - Have a paper trail
16:52 - Clean up books
19:02 - Run reports
21:27 - Final thoughts
23:44 - New book and future workshop
๐ Show Links:
โข QuickBooks: coachcarson.com/quickbooks
โข Evernote: coachcarson.com/evernote
โข The E-myth: amzn.to/1hpzjBb
--------------------------
โ๏ธ Get my FREE Real Estate Investor Toolkit:
coachcarson.com/toolkit-yt
๐ฅ๏ธ My Real Estate Courses: courses.coachcarson.com
โข 30 Days to a Better Rental Investor
โข Creative Financing for Real Estate Investors
๐ My Books:
๐ The Small & Mighty Real Estate Investor: coachcarson.com/smallandmighty
๐ Retire Early with Real Estate: coachcarson.com/retirementbook
๐ฐ DealMachine - Software to help you buy more real estate deals:
coachcarson.com/dealmachine-YT
โ Subscribe for more videos about real estate investing:
youtube.com/user/CoachChadCarson?sub_confirmation=1
๐ Connect with me:
instagram.com/coachchadcarson
facebook.com/coachchadcarson
twitter.com/CoachChadCarson
๐ For everything else: CoachCarson.com
โญ Join Rental Property Mastery, my coaching & learning community:
coachcarson.com/RPM-YT
๐๏ธ Episode 276 โ Real estate investors have a dirty secret - most of them don't know how much money they're actually making. But small, easy improvements to accounting and bookkeeping best practices can fix that. In this episode, Coach Carson explains how he does accounting and tracks the numbers in his real estate business.
๐ Show Notes: coachcarson.com/bookkeeping101
๐ฌ Timestamps:
0:00 - The dirty secret
2:39 - 6 benefits to good accounting
6:25 - The books and supporting docs
9:04 - Best practices
9:43 - No commingling
12:05 - Track & categorize
14:24 - Have a paper trail
16:52 - Clean up books
19:02 - Run reports
21:27 - Final thoughts
23:44 - New book and future workshop
๐ Show Links:
โข QuickBooks: coachcarson.com/quickbooks
โข Evernote: coachcarson.com/evernote
โข The E-myth: amzn.to/1hpzjBb
--------------------------
โ๏ธ Get my FREE Real Estate Investor Toolkit:
coachcarson.com/toolkit-yt
๐ฅ๏ธ My Real Estate Courses: courses.coachcarson.com
โข 30 Days to a Better Rental Investor
โข Creative Financing for Real Estate Investors
๐ My Books:
๐ The Small & Mighty Real Estate Investor: coachcarson.com/smallandmighty
๐ Retire Early with Real Estate: coachcarson.com/retirementbook
๐ฐ DealMachine - Software to help you buy more real estate deals:
coachcarson.com/dealmachine-YT
โ Subscribe for more videos about real estate investing:
youtube.com/user/CoachChadCarson?sub_confirmation=1
๐ Connect with me:
instagram.com/coachchadcarson
facebook.com/coachchadcarson
twitter.com/CoachChadCarson
๐ For everything else: CoachCarson.com