Keeping Money Set Away for Non-Regular Expenses

I think so many people forget about a lot of those expenses. We set ours up so that we have one reserve account for each property. If it's out of sight, out of mind, and you need it in that separate account that it's not super assessable at then yeah, like you do that.

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You want to start a real estate business. The cash flow is calling, and whether you’re looking to build passive income, escape the nine-to-five grind, or set yourself up for early retirement, rental property investing is a smart move to make. But, most real estate investors get it all wrong when building their rental property portfolios. They focus on scaling as fast as possible without building the systems to support a thriving business, leaving them burnt out and tired of the real estate game within only a few years.

Successful real estate investors like Ashley and Tony know that the key to building an unstoppable, profitable, and enjoyable real estate business is simple. To scale, you need to track, budget, outsource, and minimize the time it takes you to bring home the same amount of bacon every day. Of course, this is easier said than done, and many investors go through a lengthy process of trial and error to get there. But you don’t have to. On today’s show, Ashley will walk through the exact things you need to start, scale, and grow a real estate business.

You’ll learn how to track time so you can spend less of your day working, the two most important financial statements you need, budgeting for a business, outsourcing tasks, taking advantage of software, and the apps Ashley and Tony use every day. Want to know more about building a passive-income-generating real estate portfolio? Check out Ashley’s new book Real Estate Rookie: 90 Days To Your First Investment!

In This Episode We Cover

The step-by-step process to start investing in real estate (even if you have NO experience)

Why tracking your time is crucial if you want to grow and scale your real estate business

The two most important financial statements every investor MUST know

Budgeting for a rental property and how much to keep in emergency reserves for your properties

Separating finances and why every investor needs different bank accounts, credit cards, and more

Outsourcing repeatable tasks and the tradeoff when hiring virtual workers

The best real estate software and apps you should try today

And So Much More!

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