Читать книгу Commercial Real Estate Investing For Dummies - Peter Harris - Страница 40

Accounting and collecting

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We believe that if you’re going to be in business, you’re going to need to be comfortable asking other people to pay you the money that they owe you (in rents). The neat part is that you can hire a property management company to do all the collecting for you. And, if you’re starting small, you need to get a good handle on accounting and other business essentials. Why? Because throughout this book, we emphasize that investing in commercial real estate is like investing in a real business where you have to pay bills, hire employees, deal with contractors, and know how to read simple financial reports.

When coauthor Peter Conti started his first business more than 36 years ago, he read the book Small Time Operator by Bernard B. Kamoroff so he could understand the basics of accounting, setting up a business, paying various taxes, and staying out of trouble.

Commercial Real Estate Investing For Dummies

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