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Home > Living Off Rentals > #138 - Top financial reasons most rental property investors fail - Jessica Lawrence
Podcast: Living Off Rentals
Episode:

#138 - Top financial reasons most rental property investors fail - Jessica Lawrence
Category: Business
Duration: 00:41:08
Publish Date: 2022-10-05 11:00:39
Description:

Accounting or bookkeeping are topics that naturally make a lot of people, and even entrepreneurs, uncomfortable. Despite the negative connotation about it, bookkeeping and accounting are integral business functions that can dictate the success of your business venture. 

In this episode of Living Off Rentals, Jessica Lawrence weighs in on why businesses fail and what you can do to prevent or manage the risks associated with it. 

Key Takeaways:[03:05] Jessica lists her inspirations and why she started her bookkeeping company.

[07:00] Guided by her knowledge and experience, is rental property a profitable strategy to pursue?

[15:44] Jessica shares her recommendations to make budgeting more manageable. 

[19:36] Differences between working with a bookkeeper and an accountant. 

[23:05] She weighs in and explains the top reasons why businesses fail. 

[27:00] Jessica discusses how she works with clients 

[28:05] What type of rentals is Jessica investing in right now?

[33:23] Jessica shares her overall goals - increasing her real estate portfolio and progressing her career as a bookkeeper. 

[36:25] She elaborates on the purpose of her book, “Face your finances.”

Guest Resources:Website - https://bnbbookkeepers.com/

Face your finances book - https://www.amazon.com/dp/B09LGVYNVX

 

Show Links: Living Off Rentals YouTube Channel -https://www.youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group -www.facebook.com/groups/livingoffrentals

Living Off Rentals Website -www.livingoffrentals.com

Living Off Rentals Instagram -www.instagram.com/livingoffrentals

Living Off Rentals TikTok - www.tiktok.com/@livingoffrentals
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