Know Your Numbers REI with Chris McCormack Chris McCormack

Managing your real estate business effectively requires measuring and monitoring your performance through up-to-date bookkeeping and tracking the numbers. In a podcast episode, Chris McCormack emphasizes the importance of performance monitoring in real estate investing, highlighting the key concept that "you can't manage what you don't measure." This principle applies not only to real estate but also to various industries, such as health and education.



Chris emphasizes that a strong accountant can help you understand your numbers, communicate financial insights, and guide you in managing your business effectively. He clearly added that by leveraging the expertise of an accountant, you can gain clarity, confidence, and peace of mind in running your business or real estate investments.



If you found this episode insightful, please share it with others who might benefit. And don't forget to check out the free e-book linked in the show notes for more detailed information on increasing your real estate revenue.



Thank you for tuning in, and keep striving to know your numbers and make informed decisions in your real estate ventures!



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E-Book: https://mailchi.mp/betterbooksaccounting/6-keys

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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

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https://www.youtube.com/@betterbooksREI/featured



The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.



#PerformanceMonitoring #AccountManagement #RealEstateRevenue #ProactiveTaxPlanning #BusinessOwners #Health #Education #FinancialHabits #Bookkeeping #FinancialRecords #Taxes #Income #PeaceOfMind #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

Proper internal controls and regular processes are essential components for maintaining accurate financial records and implementing an effective tax strategy. Having internal controls in a real estate business establishes checks and balances, preventing errors, fraud, and mismanagement of funds. By following structured processes and procedures, real estate investors can manage their finances effectively, leading to reliable financial records.



In this episode of the Know Your Numbers podcast, host Chris McCormack delves into key number two from the e-book “The Six Keys to Increasing Your Real Estate Revenue” which is the importance of internal controls and processes in real estate revenue. Chris emphasizes the significance of having processes, procedures, checks, and balances, particularly focusing on internal controls. Drawing from his experience in the audit field, Chris highlights the relevance of internal controls for both big and small businesses, stressing their necessity for maintaining financial health and security.



Remember, forming positive financial habits and setting up internal controls are not just about avoiding problems; they're about creating a foundation for sustained business growth and personal peace of mind. Please share and leave a five-star rating and review to support the Know Your Numbers REI podcast. Let's empower ourselves with knowledge and financial freedom!



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E-Book: https://mailchi.mp/betterbooksaccounting/6-keys

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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@betterbooksREI/featured



The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.



#InternalControls #ChecksAndBalances #AccountingProcedures #Processes #RealEstateRevenue #HabitFormation #FinancialHabits #AccountReconciliation #FinancialRecords #Taxes #Income #TimeManagement #Delegation #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

Clean accounting and bookkeeping are essential for the success of real estate investors, as they help eliminate chaos, errors, and unnecessary costs. Maintaining accurate financial records is the cornerstone of a successful real estate portfolio. Just as a secure foundation is crucial in building a house to prevent future issues, having organized accounting records is key to avoiding costly mistakes down the line.



In this episode of the Know Your Numbers podcast, host Chris McCormack delves into the first key to increasing real estate revenue: clean accounting and bookkeeping. By emphasizing the importance of accurate financial records, Chris aims to help real estate investors achieve peace of mind and confidence in their portfolios.



Don't miss out on this valuable information! Tune in to learn how clean accounting can eliminate chaos and errors in your real estate business. Remember to leave a five-star rating and review to support the Know Your Numbers REI podcast. Let's empower ourselves with knowledge and financial freedom!



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E-Book: https://mailchi.mp/betterbooksaccounting/6-keys

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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@betterbooksREI/featured



The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.



#CleanFinancialRecords #Accounting #Foundation #Bookkeeping #RealEstateRevenue #TaxPlanning #CleanAccounting #Expenses #Taxes #Income #AuditRisk #Costs #TaxCases #IRS #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

In this episode of the Know Your Numbers REI podcast, host Chris McCormack discusses his six keys to real estate tax savings. He highlights potential changes in tax laws that could benefit investors and emphasizes the need to plan ahead for the rest of the year.



With market uncertainties and rising costs, McCormack focuses on ways to increase cash flow in real estate investments. The episode delves into strategies outlined in the new e-book, "The Six Keys to Increasing Your Real Estate Revenue."



Don't miss out on this valuable information! Tune in now and unlock your success in the real estate world using these six keys. Remember to leave a five-star rating and positive review to support the Know Your Numbers REI podcast. Let's empower ourselves with knowledge and financial freedom!



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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@betterbooksREI/featured



The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.



#6KeysToIncreaseRevenue #CleanFinancialRecord #AccountingProceduresAndControls #PerformanceMonitoring #CreatingATaxPlan #SeekingProfessionalAdvice #FlexibilityInDecisionMaking #Bookkeeping #TaxPlanning #Revenue #Cashflow #TaxBenefits #AccountingForRealEstateInvestors #RealEstateTax #RealEstateTaxTips #RealEstateInvestor #KnowYourNumbers #BetterBooks #ChrisMcCormack

In this episode of the Know Your Numbers REI podcast, host Chris McCormack interviews David Bahnsen, founder of the Bahnsen Group and author of "Full-Time: Work and the Meaning of Life." David discusses the importance of work and how it is ordained by God, emphasizing the significance of producing goods and services to meet the needs of humanity. He explores the idea of co-creating with God through work and highlights the role of work in stewardship and innovation.



Don't miss out on this enlightening conversation that will challenge your perspective on work and inspire you to see your professional life through a new lens. Let's continue to learn, grow, and integrate our faith into every aspect of our lives. Stay tuned for more engaging episodes coming your way.



Tune in to gain insights into the purpose and value of work in our professional lives. Don't forget to leave a rating and review if you find value in this episode!



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To connect with David, visit his Social Media Platforms:

Instagram: @davidlbahnsen

Facebook: https://www.facebook.com/david.bahnsen

LinkedIn: https://www.linkedin.com/in/davidbahnsen

Youtube: https://www.youtube.com/@Thebahnsengroup

Website: Full-time Book (fulltimebook.com)

Twitter: https://twitter.com/DavidBahnsen

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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

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→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.





#KnowYourNumbersREI #Work #MeaningOfLife #Purpose #Faith #BahnsenGroup #TheologicalPerspective #EconomicDimensions #Entrepreneurship #EntrepreneurialJourney #FinancialGoals #WealthBuilding #BetterBooks #ChrisMcCormack

In this episode of the Know Your Numbers REI podcast, host Chris McCormack interviews Aaron Letzeiser, the co-founder and COO of OBIE, a cutting-edge insurance and risk management technology platform for real estate investors in the United States. Aaron shares his journey from successful entrepreneur to real estate investor and venture partner. Discover how Aaron's frustration with lack of control over insurance expenses led him to start OBIE insurance with his brother, Ryan, and how they are revolutionizing the insurance market for investors.



Aaron shared his journey from being a real estate investor frustrated with the lack of control and transparency in the insurance market to creating OBIE insurance, a company that empowers property owners with instant, customizable insurance quotes. OBIE’s mission is to put real estate investors in the driver's seat, allowing them to tailor their coverage to their specific needs and investment strategies.



Are you a real estate investor looking for transparent insurance coverage? Tune in to the Know Your Numbers REI podcast to hear Aaron Letzeiser share how OBIE insurance is changing the game for investors. Don't forget to leave a rating and review if you find value in this episode! 🎧✨



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To connect with Aaron, visit his Social Media Platforms:

Instagram: @aaronletz

Facebook: https://www.facebook.com/aletzeiser

LinkedIn: https://www.linkedin.com/company/joinobie/

Youtube: https://www.youtube.com/@ObieInsurance.com

Website: https://www.obieinsurance.com/

Twitter: https://twitter.com/obieinsurance

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➤➤➤ To become a client, schedule a call with our team or fill out a contact request form

➤➤ https://www.betterbooksaccounting.co/contact  

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Connect with Chris McCormack on Social Media

Facebook: https://www.facebook.com/chris.mccormack.cpa.mba/ 

LinkedIn: https://www.linkedin.com/in/chris-mccormack-cpa-mba/ 

Instagram: https://www.instagram.com/chrismccormackcpa/  

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→ → → SUBSCRIBE TO BETTER BOOKS’ YOUTUBE CHANNEL NOW ← ← ← 

https://www.youtube.com/@betterbooksREI/featured

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The Know Your Numbers REI podcast is for general information purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. Information on the podcast may not constitute the most up-to-date legal or other information. No reader, user, or listener of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual attorney and tax advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this podcast or any of the links or resources contained or mentioned within the podcast show and show notes do not create a relationship between the reader, user, or listener and podcast hosts, contributors, or guests.



#KnowYourNumbersREI #NavigatingInsurance #RealEstateInsurance #AaronLetzeiser #OBIE #ReplacementCost #Coverag