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Jake and Gino Multifamily Investing Entrepreneurs

How to get your Accounting right to Grow your Multifamily Business

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5831 Ratings

🗓️ 2 October 2015

⏱️ 68 minutes

🧾️ Download transcript

Summary

Good accounting can make or break your real estate investing career. It’s no surprise that lenders prefer working with investors who outsource their books to a 3rd party. But there’s more to the story than just outsourcing your bookkeeping. In order to create a scalable business, its important to partner with a firm that utilizes the proper software, the cloud, and value based pricing. Just think about all the important factors that go into bookkeeping and accounting for real estate: • Accounts receivable • Bill Pay • Reconciliation • Tax Strategy and Planning • Depreciation • Cost segregation • Financial Reports (income statements/etc.) • Tax Returns ... and the list goes on All of these areas have long-term financial implications, and they’re much easier to accomplish when you partner with a progressive firm that share’s the same goals. Jason Lawhorn touches on all of these points and more in this week’s podcast. Marketplace longevity hinges on the ability to reinvent one’s self. Jason Lawhorn embraces change and strives to soar into the “cloud.” The power of integrated software caught his eye and he recognized that by investing wisely in this technology, a higher level of accounting could be accessible for the small business owner. Just out of high school, Jason was employed by his father’s accounting firm.  He graduated from the University of Tennessee with a Master of Accountancy, with a focus in technology systems.  Although he may be young, he has over twenty three years of public accounting experience, with 13 of those being in management.  In 2011, Jason took the position of President and CEO of Lawhorn CPA Group, adding to his repertoire of experience.

Transcript

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0:00.0

Welcome to the Wheelbarrow Profits Podcast, where you get multi-family investing made real.

0:06.5

Learn from top players in the real estate investment world as they share their secrets with you

0:11.5

and discover proven strategies on apartment investing that actually work.

0:16.0

To learn more about wheelbarrow profits, visit jake and gino.com.

0:24.7

Your one-stop shop for everything multifamily now to your host jake and gino hello everybody this is jake stenziano host of the wheelbarrow profits podcast

0:31.3

here with my co-host the multi-family madman bestselling Farmer, and Father of Six, Gino Barbaro.

0:40.6

Gino, how's it go today?

0:41.8

Mr. Stenziano, I'm doing great.

0:43.6

How are you?

0:44.5

I'm doing great.

0:45.5

That was a nice intro.

0:46.4

I know it.

0:47.3

Today's guest is Jason Lawhorn.

0:49.4

Jason is the president and CEO of Lawhorn CPA group here in Knoxville. Jason holds a master's of

0:56.8

accountancy with a focus in technology systems from the University of Tennessee. We are current

1:02.7

clients of Lawhorn CPA group. In this podcast, Jason is going to explain to you why it's

1:09.0

imperative to get your accounting right so you can focus on growing your business.

1:13.6

Many investors are technicians and understand that apartments are great for building wealth,

1:18.6

but tend to forget that it's a business and not just a passive investment.

1:22.6

This show will help you build a scalable business from the start.

1:31.1

This podcast aligns with the manage right portion of our framework.

1:34.4

So, Jason, welcome to the show.

...

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