Real Estate Money School

Successful businesses require effective systems, and this is especially important when it comes to managing our finances and bookkeeping. What are some of the biggest mistakes investors make when designing internal systems? Why does keeping our books in order make us more credible to investors and collaborators? In this episode, business finance expert and owner of Simple CFO Solutions, David Richter shares on the challenges investors face with setting up scalable financial systems.   Three Things We Learned Good bookkeeping is very critical in investingA real estate investing company is different to other types of businesses because we have to hold assets, and this impacts how we need to set up and manage our finances. It gives us peace of mind, and more order when our finances are set up with a proper system and effective tracking. Good financial systems are a business value point We need to be able to distinguish between our money and other people’s money. It helps us create more transparency with existin