Real Estate Accounting - Sale of Property - Part 5

You made it to the finish line! Time for all that hard work to pay off. Check out how to record a journal entry for the sale of your property

Check out the entire series on Real Estate Accounting:

Real Estate Accounting - Purchase Property (Part 1)

Real Estate Accounting - Purchase Property (Part 2)

Real Estate Accounting - Purchase Property (Part 3)

Real Estate Accounting - Rehab & Draws (Part 4)

Real Estate Accounting - Sale of Property - Part 5

Real Estate Accounting – Rehab & Draws (Part 4)

You’ve purchased your property and accounted for the transaction on your books. Now its time to get to work! Learn how to account for rehab costs and draws from the bank!

Want to revisit earlier videos on Real Estate Accounting? Check the links below:

Real Estate Accounting – Purchase Property (Part 1)

Real Estate Accounting – Purchase Property (Part 2)

Real Estate Accounting – Purchase Property (Part 3)

Also, check out next video on this topic:

Real Estate Accounting – Sale of Property – Part 5

Podio for Project Management – Globiflow & Calendar Colors

Podio is a great Project Management tool – it not only enable a team to work in a shared space but it also allows the project manager to organize tasks and activities in a calendar.

As the business grows, the calendar gets busy as well. In order to ensure a clear view of projects and deliverables in a quick glance, assigning colors is advantageous. Thus, Podio’s new “Color in Calendar” feature proves to be very useful.

And to further superpower this feature, this video will demonstrate how Globiflow aids in automating color assignment in calendar entries for efficient task management.

Podio for Life – Integrating MapMyFitness with Podio

We all know the importance of Work + Life = Balance and being healthy is a huge part of professional success. As a Real Estate Entrepreneur as in any other start up and even full blown successful businesses, there is a tendency for days to get so busy that we ran out of time for important things or lose track of goals outside work.

If you’ve ventured into Real Estate Investing (REI), chances are you have tried to save hours automating business processes and delegating tasks to ensure optimal utilization of your day. Right now, one of the best tools that benefit us a lot are CRMs such as Podio. Today, we’ll learn more on how we can maximize Podio usage not only for entrepreneurial applications but for an array of personal endeavors such as Health & Fitness. So, on this video tutorial, we cover how to integrate MapMyFitness with Podio and discuss how to automatically log work out or train sessions to track progress by using Zapier.

At the end of the day, working HARD produce results but working SMARTER gets you there even faster.

After watching this video tutorial, you should be able to:

Integrate MapMyFitness with Podio
Use Zapier to collect information from MapMyFitness to Podio
Create seamless automation and track workout using MapMyFitness to a Podio Calendar under a Fitness app

Start Today

Thinking about investing in real estate? Have you taken the time to reflect on your dreams and ask yourself: “Why haven’t I started yet?”

At some point in time, we are all paralyzed by inaction. We have great dream and aspirations, but we feel as if our feet are stuck in the mud and we can’t get moving. I often get the feeling that compares to the “chasing bad dream”. You know the  feeling you get during a dream when you are running away from someone or something but just can’t seem to move fast enough? Sometimes that’s how we feel in business. We have a vision of where we want to go, but we just can’t get started.

The vast majority of successful businesses are not what we would classify as an “overnight success”. The most successful startup founders (some of whom are viewed publicly as an “overnight success”) have spent thousands of hours making their product and building their customer base. This applies to successful real estate investors as well. Most have built up their business steadily over time.

The size and timeline of the goal matters

If we make lofty goals to “Be a millionaire in 5 years” we are limiting our chances of success. This is because the goal is too lofty and long term for us to truly hold ourselves accountable. Goals laid out on a 5 year 3 year or even 1 year trajectory are tough to hit. Our mind sees each of these time periods as “long term”. When we think “long term”, its easy for us to give ourselves the excuse of “I’ll start tomorrow”.

I encourage all of you to start today. Whether you already invest in real estate or if you are just getting your feet wet, start today.

This means that you must come to terms with imperfection. Whatever action you take today will surely not be 100% accurate, right, comfortable, and safe. It doesn’t matter. Regardless of when you take action, you’ll never get it completely right. I encourage you to settle for the action that gets you 80% to your desired result. This is way better than hoping, wishing, dreaming and waiting for the magically day when you take action and become an overnight success.

Start Today.