Real Estate Investing with Coach Carson

#372: Real Estate Bookkeeping for 2025 Made EASY!

Dec 2, 2024

In this episode, guest Kat Longoven, a former CPA turned full-time real estate investor, shares her expertise on bookkeeping for real estate. She emphasizes how organized financial records can boost cash flow and reveal hidden profits. The conversation explores best practices for tracking expenses, using software like QuickBooks, and preparing for potential audits. Kat also highlights the importance of hiring qualified bookkeepers and accountants to ensure financial clarity and success in real estate investing.

47:29

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Episode guests

Kat Longoven

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Episode notes

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Quick takeaways

Effective bookkeeping is essential for real estate investors to achieve financial freedom and uncover hidden profits in their business.

Accurate financial records not only assist in obtaining loans but also enhance operational efficiency and attract investors wary of disorganized documentation.

Hiring professional bookkeepers and accountants familiar with real estate can save time and provide valuable insights for informed financial decision-making.

Deep dives

The Superpower of Good Bookkeeping

Good bookkeeping is vital for running a successful real estate business and achieving financial freedom. It can be likened to a superpower that allows investors to stay organized, make informed decisions, and uncover hidden profits. Without good records, investors may find themselves scrambling during tax season, potentially losing track of expenses and income. Maintaining clean books enables a clear understanding of financial health, which is crucial for effective decision-making.

Intro

3min

Mastering Bookkeeping for Real Estate Success

2min

Unlocking the Matrix of Real Estate Bookkeeping

2min

Mastering Bookkeeping for Real Estate Success

5min

Mastering Real Estate Bookkeeping to Avoid Audit Pitfalls

3min

Mastering Real Estate Bookkeeping

20min

The Essential Role of Bookkeeping in Real Estate Investing

13min

⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm

🎙️ Episode #372 – If you nail bookkeeping, it’s like seeing everything—like Neo in The Matrix. Coach and Kat break down how tracking every dollar can steady cash flow, impress lenders, and even reveal hidden profits. Here’s how to get your books in shape and level up your real estate business

▶️ Next Episode:

How to Avoid Income Taxes (Legally) with Real Estate Investing

https://podcasts.apple.com/us/podcast/282-how-to-avoid-income-taxes-legally-with-real-estate/id1448707654?i=1000603907846

💻Free Bookkeeping Resources from Kat:

https://www.coachcarson.com/kat

🧮 Get QuickBooks, my favorite accounting software:

https://quickbooks.partnerlinks.io/637lxrq6nwlh

📄 Show Notes:

https://www.coachcarson.com/masterbookkeeping/

🎬 Timestamps:

0:00 - Having good books is a superpower

0:54 - Why is bookkeeping important?