It is important to recognize that real estate investing is a business. Like any other business there are systems, policies and procedures that must be followed. The biggest problem most new investors have is organization. Even if you only invest part time you need to stay on top of everything you are doing. Not only will this help your business grow, but it will offer protection in the event of a misstep.
It is not a stretch to say that every document can be critical and business changing. A receipt for plumbing repair may not seem like a big deal, but if there is a disagreement in the service you will be glad you have documentation behind you. The more organized you are, the more smoothly your business will run. Here are five important documents you need to be able to retrieve in a moments notice.
The method in which you retain your key documents is critical. Always know how and where to find these five key business documents.
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