The Real Estate Chart of Accounts

#SimpleNumbersInc #FinancialManagement

Is your team profitable without you? If you’re still doing most of the production, your net profit can look stronger than it really is. Today, I'll show you how to build your business as an investor would by using adjusted net profit and the true cost of sales. You’ll learn why 20% to 25% net is the target and why your net profit can be misleading. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/how-to-build-a-real-estate-team-that-s-financially-healthy.html Timestamp: 00:00 — Intro 00:17 — The margin needed 00:40 — What to do if you can’t hit the net profit 01:09 — My coaching call 01:30 — The key to finding the health of your business #SimpleNumbersInc #FinancialManagement #NetProfit ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Are you building a real estate business, or are you building a bigger set of bills? It’s easy to call spending “reinvesting,” but without guardrails, growth can turn into stress that follows you home. Today, I’m covering why “profit reinvested” isn’t a real category and how to create a disciplined plan that keeps your numbers healthy. For example, once operating expenses rise too high, the business starts depending on your production just to stay afloat. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/the-truth-about-reinvesting-profits-in-real-estate.html Timestamp: 00:00 — Intro 00:19 — No such thing as reinvestment 00:36 — The biggest trap 01:17 — Operating expense model #SimpleNumbersInc #FinancialManagement #Profits ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Have you ever looked at your profit numbers and wondered if they tell the full story? Many business owners rely on paper profit that looks strong, while their personal production quietly props up the business. Today, I'll break down adjusted net profit and explain how it shows what your business actually earns once owner production, salary, and indirect expenses are removed. You will see why some teams appear profitable on paper but struggle the moment the owner steps back. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/what-your-adjusted-net-profit-is-really-telling-you.html Timestamp: 00:00 — Intro 00:12 — Unrealized cost of sale 00:47 — How to calculate adjusted net profit 01:04 — Example calculation 01:45 — Why your profit on paper is false 02:21 — Don’t rely on the owner’s production 02:42 — Reach out #SimpleNumbersInc #FinancialManagement ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement

Do you really know how profitable your real estate business is? Many team leaders rely on sales volume and surface-level profit numbers, only to find out later that those figures can be misleading. Today, I'll break down the most important key metric that the industry rarely talks about and explain why adjusted net profit matters more than you think. This number shows what your business actually earns without your personal production and helps clarify whether it can stand on its own. Get the full breakdown in my latest video. Learn more: https://blog.simple-numbers.com/the-most-important-metric-in-your-real-estate-business.html #SimpleNumbersInc #FinancialManagement #AdjustedNetProfit ------------------------- 🔻TAKE THE NEXT STEP 🔻 👉Book a Consultation https://calendly.com/simple-numbers123/quote-request 👉Free Real Estate Chart of Accounts http://www.freecoa.com/ 👉Sign Up for My Video e-Newsletter https://signup.e2ma.net/signup/2005418/1808225/ 🔻ABOUT US🔻 Andy Mulholland, who retired in 2018 at age 34 from a successful real estate career, now enjoys life with his wife Ellyn and 4 beautiful children on their Minnesota farm in the summer and their family home in Scottsdale, AZ in the winter months. With a background in leading a top real estate team for over a decade and an understanding of the critical role of clear financials, Andy, along with his wife Ellyn, a seasoned real estate CFO, co-founded Simple-Numbers. Their mission is to simplify financial management for real estate businesses, drawing from their extensive experience to help clients achieve the financial freedom they’ve enjoyed. 🔻CONTACT INFO🔻 Andy Mulholland Simple Numbers Inc. 📧andy@simple-numbers.com 💻simple-numbers.com 🔻FOLLOW US 🔻 https://www.facebook.com/profile.php?id=61566348623138 https://www.instagram.com/simplenumbersre/ https://www.linkedin.com/in/andy-mulholland-b9a03832a/

#SimpleNumbersInc #FinancialManagement