A real estate investment business plan is a guide with actionable steps for determining how you’ll operate your real estate investing business. It also indicates how you’ll measure your business’ success. The plan outlines your mission and vision statement, lets you conduct a strengths, weaknesses, opportunities, and threats (SWOT) analysis, and sets goals in place….
How To
How to Renew Your Real Estate License in Every State
Every state requires real estate agents and brokers to complete continuing education (CE) coursework to keep their licenses active and stay up to date with laws and regulations. To renew your license, you need to know your state’s specific requirements. This typically involves completing a specific number of CE course hours within a set time…
How to Detect Counterfeit Money: Ultimate Guide
Counterfeit money is currency produced by someone other than the government intended to deceive the recipient into believing it is authentic. Learning how to detect counterfeit money is a crucial part of store management. In 2022 alone, the Secret Service seized over $41.5 million in counterfeit currency. We go through the details below, but first,…
How to Buy Multiple Rental Properties (+ Finance Tips)
Learning how to buy multiple rental properties doesn’t have to be stressful. The process is the same as investing in a single rental property, from researching the best location to planning how to manage your property effectively. However, buying multiple rental properties requires stabilizing and seasoning your current properties, in-depth knowledge of different property types,…
How to Sell on TikTok in 7 Simple Steps
With more than 1 billion active monthly users averaging a daily view time of 95 minutes globally, TikTok is definitely where you should promote your business. And TikTok has made it easier for your customers to buy your products straight from the app. It’s easy to learn how to sell on TikTok. You just need…
How to Do Payroll in Alabama: What Employers Need to Know
In Alabama, processing payroll and calculating the corresponding taxes is mostly straightforward, though there are some nuances to pay attention to. The state levies local taxes in some areas, which can impact payroll tax calculations. With only one state payroll form, however, Alabama generally follows federal guidelines, making it one of the easiest states in…
How to Write a Job Description + Free Template
A job description explains the work duties and requirements of a particular job role within your company. It should also include details about your company culture, as well as the compensation and benefits offered for the position. Once created, it can be published on a job board to attract top talent or used as an…
Sales Tax Accounting: How To Make Journal Entries
Almost all states in the United States (except for Alaska, Delaware, Montana, New Hampshire, and Oregon) have sales tax laws, and chances are that you are living in a state that charges sales tax. The journal entry for sales taxes involves recognizing a liability for the amount collected from customers and payable to the taxing…