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October 25, 2019

10 Things You Can Do for Your Real Estate Business Before End of Year

Don’t slack, there’s plenty to get done before the end of the month!
 
1. Clean up your Quickbooks. Make sure everything is entered correctly and reports print accurately. Hire a bookkeeper if you need help or try realestatetaxlaw.com for good Qbooks tools for real estate investors.
 
2. Corporate Records in Order. You need an annual meeting of shareholders and directors documented with minutes in your corporate record book. While you’re at it, fix it for the last five years you didn’t do minutes! If you lent your company any money, document it with promissory notes.
 
3. Design New Business Cards. Your cards are probably outdated and are lame anyway. Try vistaprint.com.
 
4. Backup Your Computer. Try Mozypro.com or Carbonite.com.
 
5. Make Offers on Bank Owned Properties. Banks are trying to clean house by year’s end, so make a closing date before Dec 31st and you will get their attention.
 
6. Clean Up Your Office. A scanner is a very productive tool for this. Try NEAT or Fujitsu Scansnap.
 
7. Clean Up Your Property Files. Make sure you’ve got deeds, leases, closing document, etc all in order for each of your properties.
 
8. Send holiday Cards to Your Prospects. Let them know you are thinking of them so when you call in January they are more receptive.
 
9. Make Your Christmas List Tax Deductible. Instead of your spouse buying you what you need, have your BUSINESS buy you that iPad or laptop and expense it in 2019 under IRC Section 179. 
 
10. Start your next year’s Goals. Why wait until Jan 1st to do goals? Get that done NOW! 
 
**And remember to sharpen your skills with one of my home study programs, on sale now at 50% off with the code “Holiday” until December 31st**
 

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Frank Pulley and William Bronchick


Attorney William ("Bill") Bronchick, host of Legalwiz.com, has authored six best-selling books and is sought nationwide for his 25+ years of real estate and legal knowledge. He has been interviewed by numerous media outlets, such as CNBC, TIME Magazine, USA Today, Investor Business Daily, Forbes, and the LA Times, to name a few. William Bronchick is the co-founder and past President of the Colorado Association of Real Estate Investors and the Executive Director and founder of the College of American Real Estate Investors. Click on the "About" link above for more information on William Bronchick. Frank Pulley is an experienced real estate investor and foreclosure specialist. He is the director of William Bronchick's Coaching and Mentoring Programs. For more info, contact [email protected]

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