12 Oct CREPN #113 – Benefits of Good Bookkeeping and Real Estate with Dave Rice
Good Bookkeeping is a must for Real Estate Investors for many reasons. [x_audio_embed][/x_audio_embed] Dave Rice with Key Bookkeepers provides multiple reasons and benefits for real estate investors to set up systems and keep accurate records. Together, they can help you accelerate your real estate investment strategy. FREE: http://bit.ly/2y02fwv5MistakesREIMake If you want to be viewed as a business by the IRS, you need to act like one. The IRS counts on good bookkeeping to substantiate your business. Good Bookkeeping gives you the actual numbers you need to determine if you are making money or if there is room for improvement. Are you collecting all the rent? Are you properly categorizing expenses? When filing your taxes, these numbers are the keys to lowering your taxable income. This alone can boost your actual returns.