Real Wealth Show: Real Estate Investing Podcast Why Accounting Is the Key to Scaling Your Real Estate Portfolio
10 snips
Aug 7, 2025 In this engaging discussion, Brad Ebenhoeh, co-founder of Accountfully now part of Belay, shares his expertise on the critical role of accounting in scaling real estate portfolios. He reveals how clean financial records can lead to better decision-making and quicker growth. Listeners learn the importance of separating personal and business expenses and the benefits of outsourcing bookkeeping. Brad also highlights how effective cash flow management can prevent missteps, while addressing potential risks from AI in financial transactions.
AI Snips
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Books
Transcript
Episode notes
Keep Bookkeeping Consistent
- Do bookkeeping consistently to maintain accurate records and minimize tax stress.
- Separate business and personal expenses with dedicated accounts to ease accounting and audit processes.
Document Receipts Effectively
- Photograph receipts with timestamps and notes describing purpose and attendees.
- This organization significantly aids during audits by providing clear proof of expenses.
Multiple Cards Cause Stress
- A couple with multiple businesses struggled because the husband used multiple credit cards interchangeably.
- This caused massive bookkeeping confusion and stress for the wife who managed the accounts.
