Accounting and Bookkeeping Best Practices For Real Estate Investors Pt. 1 Welcome to a brand new expert Podcast interview. Truthfully answer this; if your next money partner would come to your 'office' how would they feel? Inspired ready to write a bigger cheque, or running for the hills? If you fall into the nightmare camp, this 2-part Podcast will start you on the path to creating the dream scenario, and hopefully taking back control of a potential mess. I am affectionately calling this the 'it depends' Podcast Episodes because that is the term you hear the most when it comes to bookkeeping, tax, and reporting. In this in-depth interview, we cover the very 'meaty' topics as: ** How to organize your life and the cyclone of papers ** What are some simple and easy to implement best practices Real Estate investors can implement into your business to save you time ** Best reporting strategies, when reporting to your JV partners and CRA ** Structuring the bank accounts ** Differences between Income (P&L) and Capital Cost items. ... And so much more Cherry Chan is a Real Estate specific accountant. Since 2003 she's been providing tax tips for investors and realtors and helps them incorporate their portfolios. Her accounting career began in 2003, working as a co-op student for a small accounting firm, working long hours and did my due diligence, completing over 200 tax returns in one season. Now today, using all her resources and connections, she has dedicated her accounting practice and her blog so that all real estate investors, property managers, contractors, builders, and real estate agents may finally receive straightforward answers to all those confusing tax questions. You can reach Cherry directly at her website https://realestatetaxtips.ca/ ===== 🔗 Resources & Links Mentioned: ===== Cherry Chan - https://realestatetaxtips.ca/ Russell Westcott on Youtube - https://www.youtube.com/channel/UC1yg9_UmqwD67NGuRWnPHVw Sign up for a free consultation with Russell - https://rw.russellwestcott.com/optin15168460 The Russell Westcott Podcast on Apple Podcast - https://podcasts.apple.com/ca/podcast/the-russell-westcott-podcast/id1521931008 Russell Westcott’s website - https://russellwestcott.com/ ===== ☕️ Support The Channel: ===== This Podcast Runs On Coffee... The team drinks lots of coffee ☕️ 😉. If you received some value from this or any of the episode, consider buying the team a cup of coffee. https://www.buymeacoffee.com/RussellWestcott ===== 🚀 Coaching & Mentoring: ===== Are you interested in becoming an Elite Real Estate Investor? What stops people from Real Estate investing success is; fear, lack of motivation and not knowing what to do next. A detailed roadmap and a proven system is critical to overcoming all obstacles you will face in the rapidly changing world of Real Estate investing. Whether it’s business, sales, sports, or Real Estate Investing the fine line between the top performers and everyone else typically comes down to one thing: access to the best coaches and mentors who provide you invaluable guidance, wisdom and support. https://russellwestcott.com/consultation ===== 📲 FOLLOW ME ON THE SOCIALS ===== Main Website: http://russellwestcott.com/ Instagram: https://www.instagram.com/russellwestcott/ Facebook: https://www.facebook.com/RussellAllenWestcott/ YouTube: https://www.youtube.com/russellwestcott Twitter: https://twitter.com/russellwestcott Email: [email protected] Podcast: https://russellwestcott.podbean.com/ ===== 📰 LATEST BLOG & VIDEO ===== http://russellwestcott.com/blog/ ===== 🆓 FREE CONSULTATION ===== FREE One-on-One Private Consultations. A FREE Consultation To Help You; Gain Clarity, Establish an Action Plan and Move Forward. https://russellwestcott.com/consultation ===== 👨‍🦲 ABOUT RUSSELL ===== Helping Real Estate Investors, Like You; Start, Grow & Scale The Real Estate Portfolio Of Your Dreams. Husband, Father, Real Estate Entrepreneur, Author, Inspirational Public Speaker. Meet Russell at: http://russellwestcott.com/about/

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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