Benefits of Profit First Accounting for Real Estate Investors | Cash Flow Management in Business
In this video, you will learn how Sharad Mehta, the founder of REsimpli, found success by implementing the principles of Profit First accounting in his Real Estate Investing business, and how many other real estate investors became successful in their businesses by using the Profit First approach, as taught by Mike Michalowicz, the writer of the book "Profit First". It is super important especially for Real Estate investors as it is a very cash-intensive business, and the biggest challenge is "how to manage the cash flow in the business", and that's where Profit First comes in.
Many real estate investors will agree that it is very hard managing the cash flow coming in, especially if you are buying multiple homes with cash and are receiving funds from other investors in cash too. You want to make sure when it is time to pay your staff and file your taxes that you have enough left and saved.
REsimpli is an intuitive, all-in-one real estate software built for real estate investors that require little to no customization, so you can have your CRM up and running in minutes. REsimpli empowers your business with real-time data, allowing you to close on more deals while worrying less. Benefit from Calling, Texting, List Stacking, Driving 4 Dollars, and more all built within REsimpli.
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