Podcasts about Bookkeeping

Smart, competent business owners tend to lose IQ points the second the conversation turns to their finances. Heidi DeCoux built something to fix exactly that. In this episode, Kelly sits down with Heidi, the founder of Cashflowy.AI to talk about why so many solopreneurs freeze around their numbers, the brutal co-founder situation Heidi had to fight her way out of before she could bring the tool to life (and the three lessons that saved her), and how an AI CFO named Clara is making "how much can I safely pay myself this month?" a question you can finally answer. If your books are a source of dread, this one's permission to stop being afraid. What's inside: Why understanding your numbers is the thing that actually sets you free The partnership red flags Heidi ignored, and what she'd do differently What makes bookkeeping built for one type of business so much smarter Where AI is about to take the entire accounting industry Timestamps 01:42 — From rural Minnesota to four businesses and three exits 03:14 — The unsolved pain she set out to fix: solopreneurs frozen around their numbers 04:47 — The co-founder she had to legally remove 05:33 — Three hard lessons (move slower, don't skimp on legal, understand the tech) 08:05 — The right co-founder, the test project, and divine timing 09:22 — Why your partner is the biggest defining factor of your success 10:01 — Kelly's own partnership lesson learned 10:52 — How Cashfowy.ai works and who it's built for 11:23 — Why QuickBooks, FreshBooks, and Wave miss the mark for solopreneurs 13:11 — One plan, $39/month, everything included 13:54 — Meet Clara, the built-in AI CFO 14:37 — From recordkeeping to real decision-making 15:52 — The dashboard features users love most (safe pay, tax estimator) 17:58 — Where the accounting industry is heading with AI 18:15 — AI tax returns and the future of the CPA 22:38 — How fast you can get set up (6 minutes, 33 seconds) Resources & Mentions Follow Heidi on Instagram: https://www.instagram.com/heididecoux/  Get your free trial at: https://cashflowy.ai/sales?via=kelly-roach  Register for Kelly's FREE AI for Sales training: https://accelerator.virtualbusinessschool.com/ai-for-sales-register 

Owning 45 rental properties and multiple group homes sounds like a dream until a six-figure tax bill arrives.In this episode of Real Money Talks, Loral Langemeier helps a Virginia couple uncover why their current business structure may be costing them far more in taxes than necessary. After paying approximately $125,000 in taxes, they discover that the issue isn't a lack of deductions it's a lack of an advanced tax strategy.Loral explains why real estate investors need more than a traditional CPA and explores how business owners can create deductible allowances, improve bookkeeping systems, and use advanced tax strategy tools like gas and oil investments to offset taxable income.If you're building wealth through real estate, business ownership, or alternative investments, this episode offers valuable insights into using an advanced tax strategy to reduce taxes, increase cash flow, and build long-term wealth.Loral's Takeaways:Tax Planning and Business Structure Overview (00:05)Current Financial Situation and Tax Payments (01:03)Corporate Structure and Tax Entity Issues (02:21)Proposed Tax Strategies and Corporate Structure Adjustments (03:15)Behavioral Changes and Tax Compliance (05:41)Investment Opportunities and Tax Deductions (07:41)Bookkeeping and Accounting Adjustments (10:26)Meet Loral Langemeier:Loral Langemeier is a money expert, sought-after speaker, entrepreneurial thought leader, and best-selling author of five books.Her goal: to change the conversations people have about money worldwide and empower people to become millionaires.The CEO and Founder of Live Out Loud, Inc. – a multinational organization — Loral relentlessly and candidly shares her best advice without hesitation or apology. What sets her apart from other wealth experts is her innate ability to recognize and acknowledge the skills & talents of people, inspiring them to generate wealth.She has created, nurtured, and perfected a 3-5 year strategy to make millions for the “Average Jill and Joe.” To date, she and her team have served thousands of individuals worldwide and created hundreds of millionaires through wealth-building education keynotes, workshops, products, events, programs, and coaching services.Loral is truly dedicated to helping men and women, from all walks of life, to become millionaires AND be able to enjoy time with their families.She is living proof that anyone can have the life of their dreams through hard work, persistence, and getting things done in the face of opposition. As a single mother of two children, she is redefining the possibility for women to have it all and raise their children in an entrepreneurial and financially literate environment.Links and Resources:Ask Loral App: https://apple.co/3eIgGcXLoral on Facebook: https://www.facebook.com/askloral/Loral on YouTube: https://www.youtube.com/user/lorallive/videosLoral on LinkedIn: https://www.linkedin.com/in/lorallangemeier/Money Rules: https://integratedwealthsystems.com/money-rules/Millionaire Maker Store: https://millionairemakerstore.com/Real Money Talks Podcast: https://integratedwealthsystems.com/podcast/Integrated Wealth Systems: https://integratedwealthsystems.com/Affiliate Sign-Up: https://integratedwealthsystems.com/affiliatesThanks for listening!Thanks so much for listening to our podcast! If you enjoyed this episode and think that others could benefit from listening, please share it using the social media buttons on this page.Do you have some feedback or questions about this episode? Leave a comment in the section below!Subscribe to the podcastIf you would like to get automatic updates of new podcast episodes, you can subscribe to the podcast on iTunes or Stitcher. You can also subscribe from the podcast app on your mobile device.Leave us an iTunes reviewRatings and reviews from our listeners are extremely valuable to us and greatly appreciated. They help our podcast rank higher on iTunes, which exposes our show to more awesome listeners like you. If you have a minute, please leave an honest review on iTunes.

Misa Bacon, CEO of Perfectly Kept Books®, a bookkeeping firm who helps women entrepreneurs gain financial clarity and confidence, whether they are ready to outsource or still DIY-ing their books.Through trusted bookkeeping services, QuickBooks training, and cleanups, Misa supports business owners in building systems that bring calm, control, and sustainability to their finances.Now, Misa's journey from being denied a corporate promotion to running a business that outpaces her former salary demonstrates what's possible when women step into ownership and back themselves fully.And while navigating the messy middle of scaling, embracing the CEO mindset, and balancing life as a single mum, she's reframing bookkeeping as an act of self-care and self-leadership.Here's where to find more:https://perfectlykeptbooks.comhttps://www.facebook.com/perfectlykeptbookshttps://www.instagram.com/perfectlykeptbooks________________________________________________Welcome to The Unforget Yourself Show where we use the power of woo and the proof of science to help you identify your blind spots, and get over your own bullshit so that you can do the fucking thing you ACTUALLY want to do!We're Mark and Katie, the founders of Unforget Yourself and the creators of the Unforget Yourself System and on this podcast, we're here to share REAL conversations about what goes on inside the heart and minds of those brave and crazy enough to start their own business. From the accidental entrepreneur to the laser-focused CEO, we find out how they got to where they are today, not by hearing the go-to story of their success, but talking about how we all have our own BS to deal with and it's through facing ourselves that we find a way to do the fucking thing.Along the way, we hope to show you that YOU are the most important asset in your business (and your life - duh!). Being a business owner is tough! With vulnerability and humor, we get to the real story behind their success and show you that you're not alone._____________________Find all our links to all the things like the socials, how to work with us and how to apply to be on the podcast here:https://linktr.ee/unforgetyourself

Bookkeeping isn't just spreadsheets and accounting software. Our favorite Bookkeeping Mensch, Paul Rosenblum, reflects on how everyday money habits quietly shape our lives, from business spending decisions to the way people think about vacations, groceries, risk, and long-term planning. He explores “the human side of want and need,” showing how emotional spending, financial stress, personal history, and instinct all influence the way we handle money. This conversation reframes bookkeeping as something deeply human, revealing why some of us naturally think like planners, budgeters, and business owners without even realizing it. Send us Fan MailSupport the show

Today's episode takes a different direction. Instead of talking about where to buy, what to buy, cash flow, financing, rent, tenants, or market trends, Wayne and Gabby talk about something that stops many people before they ever buy their first rental property. Negative people. Fearful people. Family members. Friends. Co-workers. People who mean well, but still fill your head with doubt. In this episode, Wayne and Gabby talk about why so many people want to invest in real estate, learn the strategy, understand the numbers, and still never take action. Sometimes the problem is not money. Sometimes the problem is not mortgages. Sometimes the problem is not a lack of good deals. Sometimes the real problem is the people around you. Wayne shares what he has seen after working with well over 1,000 real estate investors across Canada. Many smart, capable people stop moving forward because they are afraid of what other people will think, what other people will say, or how family and friends will judge them. Gabby explains how negative people rarely stop your success directly. Instead, they stop it indirectly by creating doubt, hesitation, fear, and inaction. Wayne and Gabby also share personal stories about starting out, dealing with unsupportive people, moving across the country, building confidence, and learning how to protect your goals from other people's fears. They discuss why some people criticize because they are jealous, why others criticize because they are scared for you, and why some people simply project their own limitations onto your future. The message is simple: you cannot build a better life while allowing people who are stuck, fearful, jealous, or unsupportive to control your decisions. Sometimes you need to limit exposure. Sometimes you need to set boundaries. Sometimes you need to stop discussing your goals with certain people. And sometimes, when someone is actively trying to hold you back, you may need to create distance or cut them out altogether. Wayne and Gabby also talk about the importance of finding a new circle of supportive people who understand what you are trying to build. Whether that is through mentorship, community, networking, or surrounding yourself with people who are also taking action, the right environment can help you keep going when your old environment tries to pull you back. This episode is for anyone who knows they want more from life but feels stuck because of the people around them. If you are waiting for everyone to understand you, agree with you, support you, or cheer for you before you start, you may never start. At some point, you have to decide whose life you are building. Theirs or yours. What You'll Learn in This Episode Why today's episode is not about real estate strategy, but about why people do not take action Why negative people can stop investors before they ever buy a property Why fear of judgment holds so many people back Why friends, family, co-workers, and relatives can affect your confidence Why some people criticize because they are jealous Why some people criticize because they are projecting their own fears Why even well-meaning family members can create doubt Why negative people rarely stop success directly How doubt, hesitation, fear, and inaction slowly build over time Why Wayne moved across the country to create a fresh start Why Gabby struggled with fear early in their investing journey Why people often bring up worst-case scenarios when you share your goals Why you need to be careful who you share your plans with Why not everyone deserves access to your dreams Why setting boundaries matters Why limiting exposure to negative people may be necessary Why some people need to be cut out if they actively resent your growth Why creating a new circle of supportive people is so important Why community can help investors stay confident and take action Why the REI Masters community is intentionally built around supportive people Why your environment can either pull you forward or hold you back Why you cannot wait for everyone else to believe in your future Why you need to take ownership of your own life and decisions Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, personal development, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca  

Should landlords allow pets in rental properties? That is the question Wayne and Gabby tackle in today's episode. Pets are a huge part of people's lives. Dogs, cats, rabbits, fish, reptiles, and other animals are not just "extras" for many tenants. They are part of the family. But for landlords and real estate investors, pets also create real concerns. What if the dog damages the floors? What if the cat scratches the walls? What if the yard gets destroyed? What if the smell becomes a problem? What if the tenant moves out and the security deposit is not enough to cover the damage? In this episode, Wayne and Gabby break down the real risks of allowing pets in rental properties and explain why they still believe landlords should strongly consider being pet friendly. Gabby explains why a large portion of rental applicants have pets and why saying "no pets" can dramatically reduce your tenant pool. If most tenants are applying with a pet, then refusing pets may leave you with fewer applicants, fewer good options, and a harder time filling vacancies. Wayne and Gabby also discuss the difference between pet damage and increased wear and tear. A pet chewing carpet, scratching walls, or damaging doors may be considered damage. But a dog running up and down the stairs, wearing down carpet faster, creating lawn spots, or adding more hair into the furnace and duct system may create long-term wear and tear that landlords need to plan for. They also explain the difference between pet deposits, pet fees, and monthly pet rent. In Alberta, landlords cannot collect a security deposit higher than one month's rent, even if they try to call the extra amount a pet deposit. However, landlords can structure pet fees or monthly pet rent to help account for the increased wear and tear that pets may create. Wayne and Gabby also talk about why tenant screening matters more than the pet itself. The real question is not only, "What kind of pet do they have?" The better question is, "Is this tenant a responsible pet owner?" A strong tenant who takes responsibility for their pet, communicates well, has good references, and respects the property is much lower risk than a tenant who avoids responsibility, ignores problems, or does not take care of the home. They also discuss condos, bylaws, dog breed restrictions, pet size restrictions, and why investors need to review condominium documents carefully before promising a tenant that their pet will be approved. If you own rental properties or are buying your first one, this episode will help you understand how to think about pets, pet fees, pet risk, inspections, tenant screening, and why being pet friendly may actually help your rental property business. What You'll Learn in This Episode Why pets are such an important part of many tenants' lives Why landlords are often nervous about allowing pets Why saying "no pets" can reduce your tenant pool Why Wayne and Gabby generally recommend considering pet-friendly rentals Why cats and dogs create different types of risk Why dogs may create more wear and tear on flooring and yards Why cats can create odor and scratching concerns Why yard damage from dogs can be expensive and difficult to fix Why pet damage and normal wear and tear are not the same thing Why landlords need to plan for increased replacement costs Why pets can shorten the lifespan of carpet, flooring, and other finishes Why furnace filters, ducts, and HVAC systems may need more attention with pets Why quarterly inspections are important when allowing pets Why tenant screening matters more than the pet itself Why responsible pet owners are lower-risk tenants Why pet fees and pet rent can help offset increased wear and tear Why Alberta landlords need to understand the rules around security deposits Why "pet deposit" language can create problems Why condo bylaws may restrict pets, breeds, size, or number of animals Why investors need to review condo documents before approving pets Why pet-friendly properties can stand out in a competitive rental market Why the best landlords build systems instead of avoiding risk completely Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, personal development, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Today's episode takes a different direction. Instead of talking about where to buy, what to buy, cash flow, financing, rent, tenants, or market trends, Wayne and Gabby talk about something that stops many people before they ever buy their first rental property. Negative people. Fearful people. Family members. Friends. Co-workers. People who mean well, but still fill your head with doubt. In this episode, Wayne and Gabby talk about why so many people want to invest in real estate, learn the strategy, understand the numbers, and still never take action. Sometimes the problem is not money. Sometimes the problem is not mortgages. Sometimes the problem is not a lack of good deals. Sometimes the real problem is the people around you. Wayne shares what he has seen after working with well over 1,000 real estate investors across Canada. Many smart, capable people stop moving forward because they are afraid of what other people will think, what other people will say, or how family and friends will judge them. Gabby explains how negative people rarely stop your success directly. Instead, they stop it indirectly by creating doubt, hesitation, fear, and inaction. Wayne and Gabby also share personal stories about starting out, dealing with unsupportive people, moving across the country, building confidence, and learning how to protect your goals from other people's fears. They discuss why some people criticize because they are jealous, why others criticize because they are scared for you, and why some people simply project their own limitations onto your future. The message is simple: you cannot build a better life while allowing people who are stuck, fearful, jealous, or unsupportive to control your decisions. Sometimes you need to limit exposure. Sometimes you need to set boundaries. Sometimes you need to stop discussing your goals with certain people. And sometimes, when someone is actively trying to hold you back, you may need to create distance or cut them out altogether. Wayne and Gabby also talk about the importance of finding a new circle of supportive people who understand what you are trying to build. Whether that is through mentorship, community, networking, or surrounding yourself with people who are also taking action, the right environment can help you keep going when your old environment tries to pull you back. This episode is for anyone who knows they want more from life but feels stuck because of the people around them. If you are waiting for everyone to understand you, agree with you, support you, or cheer for you before you start, you may never start. At some point, you have to decide whose life you are building. Theirs or yours. What You'll Learn in This Episode Why today's episode is not about real estate strategy, but about why people do not take action Why negative people can stop investors before they ever buy a property Why fear of judgment holds so many people back Why friends, family, co-workers, and relatives can affect your confidence Why some people criticize because they are jealous Why some people criticize because they are projecting their own fears Why even well-meaning family members can create doubt Why negative people rarely stop success directly How doubt, hesitation, fear, and inaction slowly build over time Why Wayne moved across the country to create a fresh start Why Gabby struggled with fear early in their investing journey Why people often bring up worst-case scenarios when you share your goals Why you need to be careful who you share your plans with Why not everyone deserves access to your dreams Why setting boundaries matters Why limiting exposure to negative people may be necessary Why some people need to be cut out if they actively resent your growth Why creating a new circle of supportive people is so important Why community can help investors stay confident and take action Why the REI Masters community is intentionally built around supportive people Why your environment can either pull you forward or hold you back Why you cannot wait for everyone else to believe in your future Why you need to take ownership of your own life and decisions Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, personal development, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca  

Should landlords allow pets in rental properties? That is the question Wayne and Gabby tackle in today's episode. Pets are a huge part of people's lives. Dogs, cats, rabbits, fish, reptiles, and other animals are not just "extras" for many tenants. They are part of the family. But for landlords and real estate investors, pets also create real concerns. What if the dog damages the floors? What if the cat scratches the walls? What if the yard gets destroyed? What if the smell becomes a problem? What if the tenant moves out and the security deposit is not enough to cover the damage? In this episode, Wayne and Gabby break down the real risks of allowing pets in rental properties and explain why they still believe landlords should strongly consider being pet friendly. Gabby explains why a large portion of rental applicants have pets and why saying "no pets" can dramatically reduce your tenant pool. If most tenants are applying with a pet, then refusing pets may leave you with fewer applicants, fewer good options, and a harder time filling vacancies. Wayne and Gabby also discuss the difference between pet damage and increased wear and tear. A pet chewing carpet, scratching walls, or damaging doors may be considered damage. But a dog running up and down the stairs, wearing down carpet faster, creating lawn spots, or adding more hair into the furnace and duct system may create long-term wear and tear that landlords need to plan for. They also explain the difference between pet deposits, pet fees, and monthly pet rent. In Alberta, landlords cannot collect a security deposit higher than one month's rent, even if they try to call the extra amount a pet deposit. However, landlords can structure pet fees or monthly pet rent to help account for the increased wear and tear that pets may create. Wayne and Gabby also talk about why tenant screening matters more than the pet itself. The real question is not only, "What kind of pet do they have?" The better question is, "Is this tenant a responsible pet owner?" A strong tenant who takes responsibility for their pet, communicates well, has good references, and respects the property is much lower risk than a tenant who avoids responsibility, ignores problems, or does not take care of the home. They also discuss condos, bylaws, dog breed restrictions, pet size restrictions, and why investors need to review condominium documents carefully before promising a tenant that their pet will be approved. If you own rental properties or are buying your first one, this episode will help you understand how to think about pets, pet fees, pet risk, inspections, tenant screening, and why being pet friendly may actually help your rental property business. What You'll Learn in This Episode Why pets are such an important part of many tenants' lives Why landlords are often nervous about allowing pets Why saying "no pets" can reduce your tenant pool Why Wayne and Gabby generally recommend considering pet-friendly rentals Why cats and dogs create different types of risk Why dogs may create more wear and tear on flooring and yards Why cats can create odor and scratching concerns Why yard damage from dogs can be expensive and difficult to fix Why pet damage and normal wear and tear are not the same thing Why landlords need to plan for increased replacement costs Why pets can shorten the lifespan of carpet, flooring, and other finishes Why furnace filters, ducts, and HVAC systems may need more attention with pets Why quarterly inspections are important when allowing pets Why tenant screening matters more than the pet itself Why responsible pet owners are lower-risk tenants Why pet fees and pet rent can help offset increased wear and tear Why Alberta landlords need to understand the rules around security deposits Why "pet deposit" language can create problems Why condo bylaws may restrict pets, breeds, size, or number of animals Why investors need to review condo documents before approving pets Why pet-friendly properties can stand out in a competitive rental market Why the best landlords build systems instead of avoiding risk completely Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, personal development, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Text a question to Victoria!Do you dread looking at your financial statements? This conversation with Danielle Hayden might be the bit of encouragement you need to change your perspective. Danielle is the founder of Kickstart Accounting Inc. and brings 15+ years of finance experience to help six and seven-figure founders understand their numbers, feel confident making financial decisions, and build sustainable wealth.In this episode, Victoria and Danielle cover the four money personality types she sees most often in entrepreneurs and how understanding your money mindset can change how you run your business. They dive into the impact childhood experiences have on your present-day view of money, money myths that keep entrepreneurs stuck, and why relying on AI tools for financial planning can be problematic.If you've ever told yourself, “I'm just not good with numbers”, spend from a place of fear or lack, or simply avoid looking at your finances altogether, this conversation will inspire you to approach your numbers with clarity and confidence. Whether you're deep cleaning your house or sipping on a latte from your favorite local coffee shop, you'll leave this episode feeling empowered to know your numbers.Links Mentioned in Today's Episode:Work With Kickstart AccountingFollow Kickstart on InstagramFollow Danielle on InstagramListen to Business By the Books PodcastFor show notes, head to www.thebrandingbusinessschool.com/thepodcast/Show notes for episodes 1-91 can be found at www.brandwelldesigns.com/thepodcast/Follow BrandWell on Instagram. Follow The Branding Business School on Instagram.Save on your first year of Honeybook using this link! Save 50% off your first year of Flodesk using this link! Get $30 off your first month of Nuuly using this link!Get up to $150 off your first box of Factor Meals using this link!

You started the year off strong, you set all your goals for how you wanted to do your bookkeeping this year, and just like that, it's June, and now is the time for you to do a mid-year bookkeeping and financial checkup to see how your small business is doing.  Time flies by so quickly, and before you know it, we will be flipping the calendar to the month of December.  Today, we are doing a checkup to make sure you have stayed on track with your small business bookkeeping.  Now is the time to make sure you are doing everything you can to stay up to date, and if you find that you have slipped a little, this episode will help you get back on track quickly and make sure you are able to stay up to date going forward so that you can ensure you have a smooth transition at year end.  This halfway point is also a great time to assess how your business is doing.  Are you meeting your sales goals? Is your income higher or lower than what you were projecting? And what should you do if you are seeing numbers you didn't expect?  I'll also help you focus on which reports you should be looking at, whether you are using a computerized system like QuickBooks or keeping track of your business finances manually or in a Google or Excel spreadsheet.  It is extremely important to keep a pulse on how your business is doing throughout the year, whether you are just starting your small business, you're a solopreneur, entrepreneur, small business owner, virtual online bookkeeper, or virtual assistant, so listen in and make sure your business is on track to reach all your goals by doing a mid-year financial checkup… Join us in a community built specifically for accountants and high-stress professionals.  You'll receive support, accountability, and a community that understands what you're going through. We focus on stress reduction, increasing productivity, time management, goal achievement, health, happiness, and desired lifestyle:  https://www.financialadventure.com/community Schedule your Complimentary Stress Audit And Clarity Session, where we'll work together to create a clear and focused plan and overcome the obstacles that stand in your way so that you can move forward and immediately start enjoying your life with less stress, increased productivity, and more time to spend doing what you love with the people you care about: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to see how you like coaching with an Introductory Coaching Session: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

Outsourcing bookkeeping can free up hundreds of hours a year for small business owners. This conversation covers the signs it's time to hand off financial tasks and how offshore teams help reduce costs and support growth. To learn more, visit https://smartscale360.com/pages/billing-and-accounting SmartScale 360 City: Tampa Address: 1209 E Cumberland Ave Website: https://smartscale360.com/

Sasha Orloff is the CEO and Co-founder of Puzzle, an AI-powered accounting platform helping startups, small businesses, and accounting firms gain real-time financial insights through a smart general ledger. Before Puzzle, he was a serial entrepreneur, serving as Co-founder and CEO of LendUp and Co-founder & Advisor to Mission Lane, with previous ventures collectively raising over $1 billion. Sasha also hosts the "Tech Finance" with Sasha Orloff podcast, where he interviews leaders shaping the future of finance and accounting. In this episode… For many businesses, accounting remains a slow, backward-looking process that delivers insights long after decisions have already been made. As AI reshapes industries across the economy, could financial operations become real-time, accurate, and proactive rather than reactive? What would it take to modernize one of the most critical yet overlooked functions in business? Sasha Orloff, a serial entrepreneur and technology innovator, says the key is to rebuild accounting systems from the ground up, with data integrity and AI at the core. He notes that traditional software lacks real-time intelligence, leading to inefficiencies and delays. By reengineering the general ledger, businesses can access faster, more reliable financial insights and automate complex workflows. AI-powered anomaly detection and reconciliation further improve accuracy while reducing manual effort. The outcome is a more scalable and intelligent financial system for companies of all sizes. In this episode of the Inspired Insider Podcast, Dr. Jeremy Weisz talks with Sasha Orloff, CEO and Co-founder of Puzzle, about transforming accounting with AI. They cover rebuilding systems for the AI era, using AI for accuracy over speed, why strong accounting drives growth, and strategies for adoption, customer trust, and go-to-market in a conservative industry.

This episode is a wake-up call for anyone who's ever felt frustrated with the system. The speaker shares a shocking story about a 72-year-old woman who was fired from her job at Circle K for defending herself against an armed man with knives. The court's recent ruling has sparked a crucial conversation about the right to self-defense and the responsibilities of employers.The speaker delves into the details of the case, highlighting the importance of understanding the nuances of the court's decision. They also touch on the broader implications of the ruling, discussing how it affects employees' rights and the role of employers in protecting their workers. Along the way, the speaker weaves in personal anecdotes and historical examples to illustrate the complexities of the issue.One of the key takeaways from this episode is the need for a more critical examination of the way we approach issues like government waste and corruption. The speaker shares some staggering statistics on the amount of money lost to improper payments and highlights the importance of accountability in government. They also discuss the ways in which the system is designed to perpetuate waste and corruption, and how this affects everyday people.If you're tired of feeling like the system is stacked against you, this episode is a must-listen. The speaker offers a call to action, encouraging listeners to demand more from their government and to take a closer look at the ways in which they can make a difference. Join the conversation and listen to this episode to learn more about the issues and how you can get involved.See omnystudio.com/listener for privacy information.

See what the team at The Successful Bookkeeper has on right now → Melissa Broughton, founder of Busy Bee Advisors in Sacramento, has built a bookkeeping firm that grows not just through referrals and marketing, but through strategic acquisition of other bookkeeping practices. In this episode, she pulls back the curtain on her complete acquisition process — from finding firms before they shut their doors, to vetting the financials, to integrating clients without losing them. If you've ever wondered whether buying a book of business could be part of your growth plan, Melissa's experience — including the deals that went sideways — is exactly what you need to hear. Chapters [00:00] Cold open teaser [01:15] Melissa's growth journey since last episode [05:30] Launching an online bookkeeping course [09:00] How the acquisition strategy began [12:30] The 70% rule and the water test [17:00] Vetting financials and avoiding pitfalls [21:00] What makes a firm attractive to buyers [25:30] Client integration and transition lessons [30:00] Reading the seller's personality [33:30] Capacity, formulas, and skipping brokers How Melissa Got Into Acquisitions It started with a pattern Melissa kept hearing from tax professionals: a bookkeeper with a thriving practice would simply close up shop, send clients a farewell letter, and leave them scrambling. "There were bookkeepers who had successful, thriving practices and they just decided to retire — they just closed their doors." That gap between a bookkeeper ready to walk away and clients who still need service looked like an opportunity. The goal became getting in front of those owners before they pulled the plug. The 70% Rule and Other Benchmarks Melissa's core filter is straightforward: would the acquisition still be profitable if you only kept 70% of the clients? "We look at, is the business still profitable if you only retain 70% of their business? That's our benchmark." She calls it the "water test," and a surprising number of potential deals don't pass it. She also looks at minimum client roster size, client interaction levels, software alignment (her firm runs exclusively on QuickBooks Online), and whether all clients are under a signed contract. A book of business built on handshakes and mixed software platforms is a much riskier buy than it appears on paper. Vetting the Financials — Don't Take It as Gospel Because bookkeepers are numbers people, Melissa says they're actually well-positioned to do the kind of financial scrutiny most buyers skip. "Ask for proof of those deposits. Make sure that the income lines up." She requests bank statements alongside tax returns, digs into payroll breakdowns, and checks lease agreements — because taking on a seller's remaining lease obligations can quietly sink a deal. She also warns against letting a seller's likability cloud the numbers: "Nice has nothing to do with it." Integration: What Makes or Breaks the Transition The smoothest acquisition Melissa ever completed involved an owner who was fully ready to walk away and sent a clean, brief handover note to clients. The hardest ones involved sellers who couldn't really let go. "We generally will not have the owners stay on — I can only think of two situations where we've had the owners stay on, and I will say I regretted it both of those times." For every acquisition, she brings on extra team support and deploys what she calls a "client whisperer" — a trusted admin who calls each new client, makes the introduction, and asks the question most people avoid: what did your previous bookkeeper do that drove you crazy? What Sellers Should Know Melissa also flips the conversation for bookkeepers thinking about eventually selling their practice. The three biggest value drivers in her eyes are: signed contracts with every client, a reasonable level of ongoing client communication (not too hands-off, not so personal that clients will leave when you do), and consistent use of mainstream software. She also recommends having payment on file rather than invoicing after the fact — both as a business practice and because it signals a well-run, collectible revenue stream to any buyer. Starting negotiations, Melissa uses a 1.25x multiplier on receivables as a baseline and works from there. Links Mentioned Busy Bee Advisors: busybeeadvisors.com Contact Melissa directly for her acquisition formula and checklist — email will be in the show notes The Successful Bookkeeper: thesuccessfulbookkeeper.com Pure Bookkeeping: purebookkeeping.com About Melissa Broughton Melissa Broughton is the founder and owner of Busy Bee Advisors, a fully remote bookkeeping firm headquartered in Sacramento, California, with team members spread across the United States. She has built and sold businesses across multiple industries and has applied those lessons to growing her bookkeeping practice through strategic acquisitions. In 2024, she launched an online course to help aspiring bookkeepers start their own businesses; by August 2025, more than 3,500 people had completed it. Melissa is a returning guest on The Successful Bookkeeper podcast. About the hostMichael PalmerMichael Palmer is the host of The Successful Bookkeeper podcast and co-founder of Pure Bookkeeping and The Successful Bookkeeper. He started this work because of his father — a brilliant electrical contractor who worked twice as hard as he should have had to, because nobody on the financial side was in his corner. That gap is what The Successful Bookkeeper exists to close. His view: bookkeepers are the most undervalued force in small business — and every bookkeeper who builds a real business changes two families: theirs, and their clients'.

Landlords across Canada are having a harder time filling vacancies. There are fewer tenants moving, more rental units available, and more competition between landlords than many investors have seen in years. So what should you do when your rental property is sitting empty? Should you lower the rent? Or should you offer an incentive to get the right tenant in the door? In this episode, Wayne and Gabby break down what landlords need to understand about today's rental market and why automatically lowering rent may not always be the best first move. Wayne explains that rental markets are cyclical. Just like real estate prices, interest rates, immigration, construction, and tenant demand, vacancy pressure moves in cycles. Some investors have only experienced rising rents and strong tenant demand, which makes today's softer rental market feel scary. But this is part of the business. The key is knowing how to respond. Wayne and Gabby discuss how landlords can think more like business owners and marketers when listing rental properties. A rental listing is not just an ad. It is your first chance to get the attention of your ideal tenant. If your property looks the same as every other rental in a crowded market, tenants will compare mainly on price. But if you understand your tenant profile and offer the right incentive, you may be able to stand out without racing to the bottom on rent. They also discuss different incentive ideas, including gift cards, free utilities, free internet, waived pet fees, reduced security deposits, free lawn care, gaming consoles, TVs, moving credits, and first month's rent free. Wayne explains why the incentive must match the tenant profile. A young student, a family with children, a pet owner, and a tenant relying on transit may all respond to different offers. They also compare the math behind lowering rent versus offering a one-time incentive. A $50 monthly rent reduction costs $600 over a year, while a one-time $500 gift card may create a bigger marketing impact while costing the landlord less overall. Gabby also explains why affordability, timing, security deposits, moving costs, pets, and upfront cash are major pain points for tenants in today's market. This episode is a practical conversation for landlords who are trying to fill vacancies without panicking, slashing rent unnecessarily, or weakening their rental business long term. The bigger lesson is that the best way to avoid this problem is to buy the right properties from day one. Wayne and Gabby explain why they focus on properties with strong cash flow, strong tenant demand, and features renters actually want, so they are not forced to compete only on price when the market softens. What You'll Learn in This Episode Why landlords are struggling to fill vacancies right now Why many Canadian rental markets have more supply and less tenant demand Why today's rental market feels scary for newer investors Why rental markets move in cycles Why lowering rent should not always be the first move Why rental listings need to be treated like marketing Why tenants compare similar rentals mostly by price How incentives can make your rental listing stand out Why the right incentive depends on your tenant profile Why student tenants, families, and pet owners may respond to different offers Why cash, gift cards, and upfront savings can be powerful incentives Why a $500 gift card may be more effective than reducing rent by $50 per month Why landlords need to understand the math before discounting rent Why free internet, utilities, lawn care, or moving credits may work in certain situations Why waived pet fees or fewer pet restrictions can attract more tenants Why reduced security deposits can create demand but also add risk Why first month's rent free can work but must be structured carefully Why incentives should solve a tenant's actual pain point Why buying properties with strong tenant demand protects investors long term Why the best rental properties are the ones tenants actually want Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, market updates, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Landlords across Canada are having a harder time filling vacancies. There are fewer tenants moving, more rental units available, and more competition between landlords than many investors have seen in years. So what should you do when your rental property is sitting empty? Should you lower the rent? Or should you offer an incentive to get the right tenant in the door? In this episode, Wayne and Gabby break down what landlords need to understand about today's rental market and why automatically lowering rent may not always be the best first move. Wayne explains that rental markets are cyclical. Just like real estate prices, interest rates, immigration, construction, and tenant demand, vacancy pressure moves in cycles. Some investors have only experienced rising rents and strong tenant demand, which makes today's softer rental market feel scary. But this is part of the business. The key is knowing how to respond. Wayne and Gabby discuss how landlords can think more like business owners and marketers when listing rental properties. A rental listing is not just an ad. It is your first chance to get the attention of your ideal tenant. If your property looks the same as every other rental in a crowded market, tenants will compare mainly on price. But if you understand your tenant profile and offer the right incentive, you may be able to stand out without racing to the bottom on rent. They also discuss different incentive ideas, including gift cards, free utilities, free internet, waived pet fees, reduced security deposits, free lawn care, gaming consoles, TVs, moving credits, and first month's rent free. Wayne explains why the incentive must match the tenant profile. A young student, a family with children, a pet owner, and a tenant relying on transit may all respond to different offers. They also compare the math behind lowering rent versus offering a one-time incentive. A $50 monthly rent reduction costs $600 over a year, while a one-time $500 gift card may create a bigger marketing impact while costing the landlord less overall. Gabby also explains why affordability, timing, security deposits, moving costs, pets, and upfront cash are major pain points for tenants in today's market. This episode is a practical conversation for landlords who are trying to fill vacancies without panicking, slashing rent unnecessarily, or weakening their rental business long term. The bigger lesson is that the best way to avoid this problem is to buy the right properties from day one. Wayne and Gabby explain why they focus on properties with strong cash flow, strong tenant demand, and features renters actually want, so they are not forced to compete only on price when the market softens. What You'll Learn in This Episode Why landlords are struggling to fill vacancies right now Why many Canadian rental markets have more supply and less tenant demand Why today's rental market feels scary for newer investors Why rental markets move in cycles Why lowering rent should not always be the first move Why rental listings need to be treated like marketing Why tenants compare similar rentals mostly by price How incentives can make your rental listing stand out Why the right incentive depends on your tenant profile Why student tenants, families, and pet owners may respond to different offers Why cash, gift cards, and upfront savings can be powerful incentives Why a $500 gift card may be more effective than reducing rent by $50 per month Why landlords need to understand the math before discounting rent Why free internet, utilities, lawn care, or moving credits may work in certain situations Why waived pet fees or fewer pet restrictions can attract more tenants Why reduced security deposits can create demand but also add risk Why first month's rent free can work but must be structured carefully Why incentives should solve a tenant's actual pain point Why buying properties with strong tenant demand protects investors long term Why the best rental properties are the ones tenants actually want Upcoming Events Edmonton Garden Suites 101 July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, landlord advice, market updates, and practical real estate investing education. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Some people are saying it is a terrible time to buy real estate in Canada. Others are saying it is the best time in history. So who is right? In this episode, Wayne and Gabby answer a listener question about the current state of the Canadian real estate market and why there is so much conflicting advice being shared online. Wayne explains why both sides can be wrong when they speak in broad generalizations. Canada is not one real estate market. Every city, neighbourhood, property type, financing structure, and rental strategy can produce a completely different outcome. For uninformed investors, it may be one of the worst times to buy. For educated investors who know where to look, how to run the numbers, how to use leverage properly, and how to identify real cash-flowing opportunities, there may still be some of the best opportunities in years. Wayne shares why he personally stopped planning to buy more properties in 2019, until the market shifted and created new opportunities that were too good to ignore. Since then, he and Gabby have continued to buy, build systems, grow their portfolio, and teach their students how to take advantage of very specific opportunities while avoiding dangerous ones. They also discuss why so many investors have struggled or failed over the last six years, especially those who bought in the wrong markets, used risky strategies, relied on appreciation, or ignored cash flow. Wayne explains why he believes the best opportunities in Canada are not everywhere. They exist in small pockets, and only investors who are actively doing the work, studying the numbers, and understanding tenant demand will be able to identify them. The episode also dives into Edmonton garden suites, the recent Edmonton Garden Suites 101 event, and why Wayne believes garden suites are one of the strongest opportunities in Edmonton right now. Wayne and Gabby also break down a new rental property they recently removed conditions on, including why the property works, why the cash flow is strong, why the tenant profile makes sense, and why the property has both rental demand and future resale demand. This episode is about cutting through the noise, thinking critically, and understanding that the market is not simply good or bad. It depends where you are investing, what you are buying, how the numbers work, and whether you actually understand the opportunity. What You'll Learn in This Episode Why some people say it is a terrible time to invest in Canada Why others say it is the best time in history Why Wayne believes both broad statements are wrong Why Canada is not one single real estate market Why most real estate still does not work as an investment Why very specific pockets of opportunity still exist Why education and coaching matter more in today's market Why Wayne stopped planning to buy more properties in 2019 Why the market shifts since 2020 created new opportunities Why some investors have gone broke while others are doing extremely well Why cash flow and the 5% Rule™ still matter Why Wayne believes the best current opportunities are not obvious to most investors Why Edmonton garden suites may be one of the strongest opportunities right now Why Friday's Edmonton Garden Suites 101 event created major aha moments Why Wayne and Gabby are already planning another garden suite session in July Why investor advice should come from people actively doing the work Why headlines and AI-generated content are not enough Why critical thinking matters when listening to real estate advice Why Wayne and Gabby continue buying in very specific markets Why C-class neighbourhoods can produce strong rental demand Why tenant profile matters when choosing a property Why affordability, transit, schools, walkability, and extra bedrooms matter to renters Why the best rental properties must also appeal to future buyers Upcoming Events Edmonton Garden Suites 101 Next session planned for July 24, 2026 Edmonton, Alberta www.reimasters.ca REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, market updates, and practical real estate investing advice. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Everybody says real estate is one of the best ways to build wealth. And that is true. But it is also true that most real estate does not make a good rental property investment. In this episode, Wayne and Gabby continue the conversation from yesterday's episode and answer a listener question about why Wayne says 99% of real estate in Canada does not actually work as a good investment. Wayne explains that real estate can absolutely create wealth, but not every house, condo, duplex, townhouse, or multifamily property makes sense as a rental business. A property can go up in value and still be a poor investment if it does not cash flow, requires constant support from your personal income, or puts you at risk of being forced to sell during the wrong market conditions. Wayne breaks down the difference between buying real estate as an asset and buying real estate as a business. If you buy a property all cash, you are mostly relying on appreciation. But real estate investing becomes powerful because of leverage. Investors can use financing, put 20% down, borrow the rest, rent the property out, and use tenant income to help cover the expenses, pay down the mortgage, and create cash flow. That is what separates real estate from many other investments. But it only works when the numbers work. Wayne walks through a simple example of a $500,000 property with a $400,000 mortgage, property taxes, insurance, and monthly expenses. He explains why many properties across Canada do not produce enough rent to cover those costs, and why investors who buy those properties may be forced to support them every single month out of pocket. That does not mean those investors can never make money. It means they are taking on more risk than they realize. If rents drop, interest rates rise, a tenant stops paying, a property sits vacant, a furnace fails, or life changes, the investor may be forced to sell at the worst possible time. That is how people lose money in real estate. Wayne and Gabby also explain why the right properties are the ones that produce cash flow from day one, pass the 5% Rule™, have strong long-term demand, and allow the investor to build reserves. They also discuss why garden suites in Edmonton may be creating a major new opportunity by turning properties that previously did not work into properties with significantly more income, equity, and value-add potential. This episode is a practical breakdown of how to think about real estate investing properly, why most properties should be ignored, and how to start finding the small percentage of properties that can actually help you build long-term wealth. What You'll Learn in This Episode Why Wayne says 99% of Canadian real estate does not make a good investment Why real estate can make people rich and still be risky when done wrong Why most properties do not work as rental businesses Why appreciation alone is not enough Why buying all-cash is different from leveraged real estate investing Why leverage is one of the biggest advantages in real estate Why rent needs to cover the mortgage, taxes, insurance, and expenses Why negative cash flow creates risk Why investors should not rely on personal income to support bad properties Why a property can go up in value and still be a poor investment Why investors lose money when they are forced to sell Why strong cash flow helps investors survive market changes Why interest rates, taxes, insurance, vacancies, repairs, and tenant issues must be planned for Why the 5% Rule™ helps identify stronger rental properties Why reserves are critical to long-term success Why most neighbourhoods and property types will not pass the numbers test Why Edmonton still has pockets of opportunity Why garden suites may turn certain properties into major value-add opportunities Why the best investors learn how to find the 1% of properties worth buying Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, investor questions, market updates, and practical real estate investing advice. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Intuit just cut 17% of its workforce, roughly 3,000 employees, and Alicia is joined by Dan DeLong and Matthew "Spot" Fulton to unpack what actually happened and why it isn't the AI story everyone assumed. Drawing on Dan's 18 years inside the company, they break down the real drivers behind the cuts, the unusually generous severance packages, the closing of the Reno and Woodland Hills offices, and the three big bets shaping Intuit's future. They also dig into the uncertain fate of MailChimp and what the mid-market pivot signals for ProAdvisors and the QuickBooks community.Sponsors:Aqqrue - http://uqb.promo/aqqrueC&R Consulting - http://uqb.promo/cnr(00:00) - Intuit Layoffs Overview (01:57) - Why Layoffs Happen (03:01) - Dan Layoff Story (04:58) - Restructure Not AI (06:23) - Details and Office Closures (09:42) - India and Global Impact (11:50) - Culture and Job Mobility (14:15) - Severance and Support (20:47) - Layoffs and Career Growth (24:42) - Letter Management Layers (29:03) - Customer Support Outsourcing (32:10) - Strategic Hubs and Remote Work (36:09) - TurboTax Credit Karma Merge (37:04) - Restructuring Around Customers (38:09) - Three Big Bets Explained (38:46) - AI Native Done For You (39:49) - Center Of Money Push (41:56) - Mid Market Expansion (43:22) - MailChimp Cuts And Risks (47:10) - Divestiture Rumors And AI (52:36) - SMB Churn And Competition (54:42) - Closing Thoughts And Thanks (55:41) - What's New With Hosts (56:16) - Scaling New Heights Plans (58:25) - Alicia Events And Training (01:01:35) - Awards And Final Wrap LINKSIntuit Account login episode: uqb.show/81 Dan's School of Bookkeeping course about Bulk Editing Data in QuickBooks: https://www.schoolofbookkeeping.com/a/2148284044/FzeLMxRpSchoolofbookkeeping YouTube: https://snip.ly/SOBYTFree Live Workshop Wednesdays: https://www.schoolofbookkeeping.com/workshop-wednesdayQB Power Hour: https://www.qbpowerhour.com/ Alicia's book on Amazon: http://royl.ws/conversion-bookJuly 21 through October 8: HANDS-ON QUICKBOOKS COMPLETE TRAINING COURSE, http://royl.ws/HOT2026?affiliate=5393907We want to hear from you!Send your questions and comments to us at unofficialquickbookspodcast@gmail.com.Join our LinkedIn community at https://www.linkedin.com/groups/14630719/Visit our YouTube Channel at https://www.youtube.com/@UnofficialQBOPodcastSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding 

This is one of the most important episodes Wayne and Gabby have ever recorded. In this episode, Wayne opens with a serious announcement about a rental property, a major loss, and a lesson that every real estate investor needs to hear. But the real lesson is much deeper than the headline. Wayne and Gabby explain how real estate investors lose money, why so many people disappear from the industry after three to five years, and why most failures come from ignoring the fundamentals. This episode is about what actually protects a rental property portfolio: cash flow, reserves, market selection, buying right, sustainable financing, proper systems, and knowing how to survive when the market shifts. Wayne explains why real estate investing is not about looking flashy, collecting doors, chasing gimmicks, or impressing people online. It is about buying the right properties, in the right markets, with strong cash flow and systems that allow the business to survive interest rate spikes, falling rents, rising expenses, bad tenants, insurance increases, property tax changes, and unexpected storms. Wayne and Gabby also discuss the 5% Rule™, why cash flow is the life raft of a rental property business, and why investors should never rely on hope, appreciation, or inflated rents to make a deal work. If you are buying rental properties, thinking about investing, or wondering how to avoid becoming one of the investors who gets wiped out, this episode is worth listening to all the way through. What You'll Learn in This Episode How real estate investors lose money Why most investors fail after three to five years Why cash flow is the life raft of a rental property business Why the 5% Rule™ helps investors avoid dangerous deals Why a property can drop in value without creating a real loss Why you only lock in a loss when you are forced to sell Why strong cash flow helps investors avoid being forced to sell Why interest rate spikes can destroy weak portfolios Why falling rents can expose bad investments Why property taxes and insurance costs need to be planned for Why investors need reserve funds and backup plans Why flashy strategies often come with more risk than people admit Why BRRRRs, flips, multifamily, short-term rentals, developments, and rent-to-own require proper systems Why most residential real estate does not work as a rental property Why investors need to find the small percentage of properties that actually make sense Why buying right matters from day one Why boring rental properties can produce exceptional returns Why systems, fundamentals, market selection, and cash flow matter more than hype Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through the REI Masters Mentorship Program, they help Canadians build long-term wealth through rental properties, BRRRRs, joint ventures, seller financing, rent-to-own, garden suites, and other real estate investing strategies. The Canadian Real Estate Investing Morning Show releases new episodes every weekday morning featuring real stories, market analysis, coaching conversations, and practical real estate investing advice. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping and tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm www.finngo.com/rei Kirkwood & Brennan Mortgage Group – Investor-Focused Mortgage Brokers www.kbmortgages.ca keaton@kbmortgages.ca

Can AI now do bookkeeping better than humans? Blake and David dig into new data showing major AI models outperforming outsourced accountants on basic transaction coding, then explore what that means for firms, finance teams, and the future of audit. They also cover a one-person finance team powered by AI agents, KPMG's scramble to keep up, and why the accounting talent shortage still isn't going away.SponsorsOnPay - http://accountingpodcast.promo/onpayThe Value Builder System - http://accountingpodcast.promo/valueR.E. Cost Seg - http://accountingpodcast.promo/recostsegChapters(00:00) - TAP 491 (00:38) - Top stories preview (03:23) - OnPay support story (04:08) - Finance team of one (06:49) - LLMs vs humans benchmarks (09:15) - Ramp Stack agents (13:04) - Digits interview begins (19:55) - Outcome pricing and skills (28:05) - Livestream Q&A reactions (29:27) - Future of audit Oath (30:29) - Oath AI Audit Vision (31:46) - Continuous Audit Workflow (32:21) - Business Model Debate (33:02) - Big Four On Alert (33:07) - Accounting Engineer Hiring (33:47) - KPMG Courts AI Startups (35:15) - Talent Shortage Worsens (36:31) - Why Seniors Are Scarce (39:55) - Ramp Stack AI Agents (47:14) - Procurement Agents And Valuation (48:50) - KPMG Token Maxing Dashboard (52:31) - KPMG Australia Fallout (54:45) - Trump Tax Settlement Update (56:14) - IRS Leadership Vacuum (59:28) - Wrap Up And Earmark News  Show NotesDigits "Beyond the AI Hype" Benchmark — AI Models Now Beat Human Accountantshttps://blog.insightfulaccountant.com/digits-releases-latest-edition-of-their-beyond-the-ai-hype-benchmarkRamp Launches Stack, an AI Operating System for Accounting Firmshttps://www.prnewswire.com/news-releases/ramp-launches-stack-an-ai-operating-system-for-accounting-firms-302789630.htmlRamp Launches Fleet of AI Agents Across Its Procurement Platformhttps://www.prnewswire.com/news-releases/ramp-launches-fleet-of-ai-agents-across-its-procurement-platform-302756657.htmlRamp Raises $750 Million Series F at $44 Billion Valuationhttps://www.prnewswire.com/news-releases/ramp-raises-series-f-at-44-billion-valuation-302791103.htmlAccounting Talent Shortage Surges — Accounting Todayhttps://www.accountingtoday.com/news/accounting-talent-shortage-surgesEx-PCAOB Regulator Joins AI Audit Startup Oath Targeting 80% Automationhttps://thefinancestory.com/ex-pcaob-regulator-joins-ai-native-audit-firm-oathKPMG Exploring Start-Up Deals in Silicon Valley to Counter AI Threat — Financial Timeshttps://www.internationalaccountingbulletin.com/news/kpmg-exploring-start-up-deals/KPMG Sets 75% AI Usage Target with New Dashboard, Employees Flag It's Easy to Game — Business Insiderhttps://www.aol.com/articles/kpmg-now-dashboard-where-consultants-154532433.htmlAmazon Shuts Down Internal AI Leaderboard After Employees Inflate Usage via Tokenmaxxinghttps://www.hcamag.com/us/specialization/hr-technology/amazon-shuts-down-ai-leaderboard-after-tokenmaxxing/577189KPMG Australia CEO Andrew Yates Resigns Amid Whistleblower Scandalhttps://www.internationalaccountingbulletin.com/news/kpmg-australia-ceo-andrew-yates-resigns-amid-whistleblower-scandal/Trump Administration Drops $1.8 Billion Anti-Weaponization Fund — Todd Blanche Testimonyhttps://www.cnbc.com/2026/06/02/doj-fund-trump-todd-blanche.htmlBessent Says He Is Performing IRS Commissioner Duties Amid Trump Tax Settlement Scrutinyhttps://www.cnbc.com/2026/06/03/bessent-irs-commissioner-trump-tax-settlement-doj-fund.htmlNeed CPE?Get CPE for listening to podcasts with Earmark: https://earmarkcpe.comSubscribe to the Earmark Podcast: https://podcast.earmarkcpe.comGet in TouchThanks for listening and the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and Instagram. If you like what you hear, please do us a favor and write a review on Apple Podcasts or Podchaser. Call us and leave a voicemail; maybe we'll play it on the show. DIAL (202) 695-1040.SponsorshipsAre you interested in sponsoring The Accounting Podcast? For details, read the prospectus.Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribeApple Podcasts: http://cloudacctpod.link/ApplePodcastsYouTube: https://www.youtube.com/@TheAccountingPodcastSpotify: http://cloudacctpod.link/SpotifyPodchaser: http://cloudacctpod.link/podchaserStitcher: http://cloudacctpod.link/StitcherOvercast: http://cloudacctpod.link/Over...

See what the team at The Successful Bookkeeper has on right now → AI is moving fast, and the bookkeeping profession is squarely in its path — but not in the way most people fear. In this episode, Michael Palmer sits down with AI strategist and educator Benjamin Tasker to talk about what the shift actually looks like on the ground, which skills will separate bookkeepers who thrive from those who stall, and how to start building your own AI system without a data science degree. Chapters [00:00] Welcome and Ben's Background [03:15] From Data Science to AI Education [08:00] AI's Real Impact on Bookkeeping [12:00] Human Judgment as the Key Check [15:30] Skills That Separate Thriving Bookkeepers [21:00] Data, Systems, and AI Strategy [25:00] Opportunities to Move Up the Value Chain [29:00] First Steps for Integrating AI [32:00] Client Expectations and Transparency [35:00] Fear, Mindset, and Where to Find Ben AI Will Elevate Bookkeeping, Not Replace It Ben is direct about the headline fear: bookkeepers are not going away. "AI will help elevate what a bookkeeper does," he says. The repetitive work — transaction coding, receipt capture, anomaly detection, drafting reports — gets absorbed by AI, which frees up the bookkeeper to move from data entry to data judgment. Think less time in the books and more time coaching clients on their financial pain points. AICPA and Intuit both point in the same direction: the future of the role looks a lot more like analytics and advisory than data input. The Two Skill Lanes Every Bookkeeper Should Know Ben references the World Economic Forum's skills taxonomy, which divides skills into two tracks. AI skills — analytical thinking, systems thinking, coding — pay a premium today, but AI will eventually encroach on those. Human skills — communication, empathy, leadership — are undervalued right now but will command a premium as AI can only mimic, never genuinely replace, them. "AI can put on a facade of empathy and compassion, but it really can't have it because it's robotic." For bookkeepers, the practical focus areas are AI supervision (checking outputs rigorously), advisory thinking, digital and data fluency, and transparent client communication. The Human in the Loop Is Not Optional Ben's background in healthcare data — building algorithms to predict sepsis risk from bedside monitors — gives him a sharp view on why human validation matters. A small data error that goes unchecked can cascade into a much larger problem. "A mistake, especially for a small business owner, could cost tens of thousands of dollars." Bookkeepers already understand this: the work is either right or it isn't. That precision mindset is exactly what responsible AI use demands, and it is a genuine competitive advantage for practitioners who carry it into their AI workflows. Data Is the Oil — Build a System, Not Just a Stack of Tools One of Ben's clearest points: buying an AI tool is not an AI strategy. The framework he outlines is straightforward — start with your data (client records, call transcripts, templates, Google Sheets), run it through a system you build and control, apply AI to it, then validate and iterate. "Just because you buy an AI tool doesn't mean you have an AI strategy or even an AI business." He encourages bookkeepers to build their own processing systems rather than relying entirely on third-party integrations that can change without warning. Start small — something as simple as having AI draft follow-up emails from call transcripts is a low-risk, high-value first step. Practical First Steps and Client Communication For bookkeepers ready to start, Ben's advice is to pick a low-stakes problem, solve it, and let that build confidence. Use AI to profile prospective clients from call transcripts, automate follow-up reminders, or create a client-facing dashboard from existing data. On the client side, transparency is non-negotiable: communicate that you are using AI, explain how it benefits them, and teach them how to give better inputs so they get better outputs. "By providing inputs and encouraging your customers to use AI to show them the benefits of it, they're going to become less resistant over time." That kind of teaching deepens the client relationship well beyond what traditional bookkeeping alone can offer. Links Mentioned Ben Tasker AI: bentaskerai.com Ben Tasker on LinkedIn World Economic Forum Skills Taxonomy (AI skills and human skills tracks) The Successful Bookkeeper Pure Bookkeeping About the Guest Benjamin Tasker is an AI strategist, educator, and speaker with over 10 years of experience in data science and artificial intelligence. His background spans healthcare predictive analytics, higher education, and enterprise AI strategy. Today he helps entrepreneurs and large organizations build the skills and systems they need to navigate the AI revolution. You can find his prompting frameworks, podcast appearances, and upcoming events at bentaskerai.com. About the hostMichael PalmerMichael Palmer is the host of The Successful Bookkeeper podcast and co-founder of Pure Bookkeeping and The Successful Bookkeeper. He started this work because of his father — a brilliant electrical contractor who worked twice as hard as he should have had to, because nobody on the financial side was in his corner. That gap is what The Successful Bookkeeper exists to close. His view: bookkeepers are the most undervalued force in small business — and every bookkeeper who builds a real business changes two families: theirs, and their clients'.

The Edmonton real estate market is shifting, and smart investors need to pay attention. In this episode, Wayne and Gabby start by answering a listener question about how they handle late rent in their rental property business. They explain their on-time rental discount system, why they use it instead of relying only on late rent fees, how it helps tenants take rent payment seriously, and why it can be a strong tool for landlords who want to reduce late payments and protect their systems. Wayne and Gabby also discuss why lease clauses need to balance protection with simplicity, especially in a market where vacancy is rising and landlords need to make the tenant onboarding process as smooth as possible. Later in the episode, investor-focused Edmonton Realtor Calvin Hexter joins the show for a real estate market update. Calvin breaks down what he is seeing in Edmonton right now, including longer days on market, sellers who are not getting the prices they expected, buyers gaining more leverage, and why some properties are still receiving multiple offers while others are sitting. Wayne and Calvin also discuss why seller financing may become more attractive in this market, why investors need to stay conservative with their numbers, and why the right power team can help investors identify opportunities before everyone else sees them. They also talk about Edmonton garden suites, the importance of knowing your buy box, and why investors who understand the market can make money in any market cycle. If you are a landlord, rental property investor, or someone watching the Edmonton real estate market closely, this episode will help you understand what is happening right now and how to adjust your strategy. What You'll Learn in This Episode How Wayne and Gabby use an on-time rental discount system Why late rent fees may not always be the strongest landlord tool Why the on-time rental discount helps encourage tenants to pay on time Why lease clauses need to be enforceable and easy to understand Why landlords need to balance protection with tenant onboarding Why Edmonton garden suites are a major opportunity right now Why knowing your buy box makes investing decisions easier What Calvin Hexter is seeing in the Edmonton real estate market Why some Edmonton properties are sitting longer than expected Why sellers may need to adjust expectations in the current market Why buyers may be gaining more leverage Why investor-grade properties can still attract multiple offers Why seller financing may become more useful in this market Why investors should stay conservative with their numbers Why fix-and-flip investors need to understand timing and market direction Why rental assumptions need to be conservative right now Why a strong Realtor, mortgage broker, lawyer, accountant, and coach matter Why investors can still find opportunity in changing markets Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

If you are just getting started in real estate investing, your first move matters. In this episode, Wayne and Gabby answer a listener question from a 28-year-old new investor in Edmonton who recently moved to Canada, works in IT, earns about $80,000 per year, has saved $40,000, and wants to start building long-term wealth through real estate. Wayne breaks down what he would do in this situation and explains why many new investors make mistakes by trying to figure everything out on their own before getting proper education. He also explains why your first property should be chosen based on future rental potential, not just personal preference. Wayne discusses the strategy of buying a property as a primary residence with 5% down, living in it, improving it, and eventually turning it into a rental property. He also explains why this strategy can help new investors stretch limited capital further, why Edmonton townhouses may be one of the best starting points right now, and why investors need to understand cash flow, risk, mortgage paydown, and long-term appreciation before they buy. Wayne and Gabby also talk about the 5% Rule™, why cash flow protects investors during storms like interest rate increases, why cash flow should be saved instead of spent, and why reserves matter. Later in the episode, Wayne explains why raising capital and joint ventures eventually become unavoidable for investors who want to scale beyond their own savings and mortgage capacity. If you are a new investor wondering how to buy your first rental property, this episode will help you think through your first move with more clarity, strategy, and confidence. What You'll Learn in This Episode Why new investors should ask better questions before buying Why your first property can shape your future portfolio Why education matters before making your first move Why many investors regret buying the wrong first property Why Wayne recommends buying with the future tenant in mind Why your first home can become your first rental property How 5% down can help new investors get started Why Edmonton townhouses may be a strong starting point Why buying one property with 20% down is not always the best use of capital How mortgage paydown builds equity over time Why appreciation across multiple properties can accelerate wealth building Why cash flow matters as a risk mitigator Why Wayne does not recommend spending your cash flow too early Why the 5% Rule™ helps investors prepare for storms Why interest rate increases do not have to destroy your portfolio Why scaling eventually requires access to other people's capital Why joint ventures are inevitable for serious investors Why building trust, credibility, and education matters before raising capital Why opportunities do not last forever Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca  

In January 2026, Ming Lim and Bryan Ma closed on AccounTrain, a 25-year-old bookkeeping firm based in Ottawa with clients across Canada. They beat out five other offers. They paid 1.3 times annual revenue. They spent almost two years searching for the right deal. Ming is the managing partner of Volition Properties, where his team has helped Canadians transact on more than $300 million of Toronto investment real estate. Bryan spent 20 years in Canadian financial services. He's a CPA, a CFA, and holds an MBA. He worked at three of the biggest professional services firms in the country and most recently at Intact Insurance in mergers and acquisitions. In this conversation, we cover: Why these two real estate operators are buying a business instead of more rentals How they sourced AccounTrain through Poe Group and a buy-side community called Village Wealth The difference between bookkeeping and full accounting firms, and why the simpler business won How multiples in this industry actually work (1.2 to 2.5 times revenue depending on quality) Why vendor take-back mortgages are standard in business sales, even though they're rare in Canadian real estate The seller's 25 years of institutional knowledge that was kept entirely in one person's head How Bryan and Ming approached due diligence with Bryan's M&A background as the advantage The lifestyle case for a business over a rental portfolio What they're modernizing now that they own it (CRM, workflow management, AI tools) Practical advice for small business owners with messy books This episode is part of TAFI's coverage of the great wealth transfer from retiring boomers to the next generation of Canadian operators. If you're an active real estate investor looking at what's next, this is the playbook.

What if motivation was not something you waited for, but something you learned how to create? In this episode of The Impossible Life Podcast, Nick Surface and Garrett Unclebach break down how Christian men can live motivated every day by connecting their actions to purpose, faith, and what matters most. This is not about chasing hype, waiting for the right feeling, or depending on motivational videos to get moving. It is about learning how to generate motivation from the inside out.Garrett explains that motivation is a form of energy. Just like physical energy can be built through better habits, better food, better sleep, and better training, motivation can also be built through the way you think, focus, and attach meaning to your day. The goal is not to feel excited once in a while. The goal is to become the kind of man who knows how to bring energy and meaning to every moment.The key tool in this episode is what Garrett calls “zoom in, zoom out.” It is the ability to intentionally shift your perspective. Sometimes you need to zoom in and focus completely on the moment in front of you. Other times, you need to zoom out and remember the bigger story, the bigger mission, and the bigger reason today matters.This matters because most men live by default. They zoom in on the pain, the frustration, the tiredness, the bad meeting, the hard workout, the annoying task, or the thing they do not feel like doing. But when a man learns to zoom out, he can reconnect that moment to his calling, his family, his future, his faith, and the purpose God has placed on his life.Nick and Garrett explain that the first step to living motivated every day is connecting every day to what matters most. If you do not know what matters most, you will struggle to stay motivated. But when you know your purpose, even small things begin to carry meaning. A workout matters. A hard conversation matters. Bookkeeping matters. Showing up for your family matters. What looks small becomes significant when it is connected to the bigger mission.The second step is generating momentum. Motivation grows when you attach meaning to the next right action. Garrett shares how even something as simple as doing pushups in the morning can become a declaration that the day matters. Momentum starts small, but it builds quickly when you stop saying “it's not a big deal” and start treating your choices like they are shaping your future.The third step is defending your momentum. Once you build momentum in your faith, marriage, fitness, business, or leadership, you have to protect it. Too many men waste years stopping and starting. But when you understand how costly it is to lose momentum, you become far more serious about guarding your focus, energy, and direction.This episode is a practical call for Christian men who want to stop drifting and start living with daily purpose. Motivation is not random. It is not emotional weather. It is a skill you can build by choosing your focus, connecting your actions to meaning, and taking the next step with intention. If you want to grow in faith, walk with purpose, and become the man God created you to be, you cannot wait until you feel motivated. You have to learn how to create it. Because today matters.Get With NuWave Home Lenders By Clicking HereGet a Free 7 Day Trial On The Tailored Training App By Clicking HereJoin a group of likeminded Impossible Life listeners in our FREE Skool community by clicking here.Get the Purpose Playbook by clicking hereGet the FREE Basic Discipline Training 30 Day Program by clicking hereJoin us in Mindset Mastery by clicking hereLevel up your nutrition with IDLife by clicking hereGET IN TOUCHSocial Media - @theimpossiblelifeEmail - info@theimpossible.life

Alicia and Dan DeLong recap Intuit's May In the Know webinar, led by the big reveal that the ProAdvisor program will sunset in early 2027 and return as Intuit ProPartner Accountants. They break down the three Intuit Accountant Suite tiers (the free Core, the paid Accelerate, and the per-client Books Close add-on), walking through custom fields, KPI dashboards, and a new ProConnect Tax workflow, with a heads-up on the deadlines before free access ends. There's also expanded ProAdvisor support hours, the Workforce payroll rebrand, and a reminder that recertification season closes June 30.Sponsors:Aqqrue - http://uqb.promo/aqqrueC&R Consulting - http://uqb.promo/cnrLINKSIntuit's In the Know Slide Deck including “Resources for Making the Switch”: https://drive.google.com/file/d/1SY6pwULfGXBnExxuHTvSLxRpd3r-LmA9/view?usp=sharingRightTool: RightTool.app, use code ROYALWISE for 20% offBooks Close episode: uqb.show/130Dan's School of Bookkeeping course about Bulk Editing Data in QuickBooks: https://www.schoolofbookkeeping.com/a/2148284044/FzeLMxRp Dan's LinksSchoolofbookkeeping YouTube: https://snip.ly/SOBYTFree Live Workshop Wednesdays: https://www.schoolofbookkeeping.com/workshop-wednesdayQB Power Hour: https://www.qbpowerhour.com/ Alicia's new Converting from QBDT to QBO book on Amazon: http://royl.ws/conversion-bookJuly 21 through October 8: HANDS-ON QUICKBOOKS COMPLETE TRAINING COURSE, http://royl.ws/HOT2026?affiliate=5393907We want to hear from you!Send your questions and comments to us at unofficialquickbookspodcast@gmail.com.Join our LinkedIn community at https://www.linkedin.com/groups/14630719/Visit our YouTube Channel at https://www.youtube.com/@UnofficialQBOPodcastSign up to Earmark to earn free CPE for listening to this podcasthttps://www.earmark.app/onboarding 

Marketing makes the money. But the backend protects it. In this episode of The Level Up Podcast, Paul Alex breaks down the unseen leverage behind every serious business: the systems, structure, and advisors that protect what you build. Let's be real… A strong brand means nothing if your books are a disaster. A viral video means nothing if your contracts are weak. A massive revenue month means nothing if your taxes, legal structure, and compliance are completely exposed. In this episode, you'll learn: Why backend structure is just as important as front-end marketing How poor bookkeeping, weak contracts, and bad compliance can destroy your business Why serious entrepreneurs invest in CPAs, legal support, and clean systems How a strong backend gives you the confidence to scale aggressively The truth is simple: The boring work is often the most important work. Bookkeeping. Contracts. Taxes. LLC structure. Compliance. Asset protection. That is the foundation. That is the shield. That is what lets you go hard on the front end without constantly worrying about what could collapse behind you. Most people want the spotlight. But elite operators protect the vault. They organize the books. They hire the professionals. They tighten the structure. They build on solid ground. Because true wealth is not just about making money. It is about keeping it, protecting it, and building something that lasts. Secure the backend. Protect the house. And keep leveling up. Your Network is your NETWORTH! Make sure to add me on all SOCIAL MEDIA PLATFORMS: Instagram: https://jo.my/paulalex2024 Facebook: https://jo.my/fbpaulalex2024 YouTube: https://www.youtube.com/channel/UCGhDAD1JyGGzSQUPD9lc9HQ LinkedIn: https://jo.my/inpaulalex2024 Looking for a secondary source of income or want to become an entrepreneur? Check out one of my companies below to see if we can help you: www.CashSwipe.com FREE Copy of my book “Blue to Digital Gold - The New American Dream”www.officialPaulAlex.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another episode of Building the Premier Accounting Firm. Today, Roger Knecht discusses the future of the accounting profession with Troy Lewis, an experienced CPA and BYU professor. They cover the integration of AI, the evolving roles of accountants, and strategies for firm owners to thrive in a rapidly changing landscape. In This Episode: 00:00 Introduction to Troy Lewis 01:34 Why Become an Accountant? 06:01 Bookkeeping vs. Accounting 08:10 The Entrepreneurial Accountant 19:54 Transition to Academia 25:57 Evolution of Accounting Skills: AI 34:56 Embracing AI in Accounting Firms 41:16 Investing in AI Education 46:50 Mentoring the Next Generation 50:05 Positive Perception of Accounting 59:36 AI and Foundational Skills 01:03:03 Training and AI Integration 01:13:00 Entrepreneurial Advice: Embrace Tech 01:31:37 Personal Reflections and Accountrepreneurs Challenge Featured Quotes: "The real answer is to convince them that your product is your time, and that's what you have to sell." - Troy Lewis "If you took a sophomore in college… they are going to be ill-equipped to be able to prompt appropriately into AI tools." - Troy Lewis "The future is still bright in accounting. It is bright." - Roger Knecht Conclusion: Thank you for joining us for another episode of Building the Premier Accounting Firm with Roger Knecht. For more information on how you can establish your own accounting firm and take control of your time and income, call 435-344-2060 or schedule an appointment to connect with Roger's team here. Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Special Offers for our Podcast Listeners, CLICK HERE to take advantage of them today! Remember this, Accounting Success IS Universal. Be sure to listen to our next episode and subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback For more information on how you can apply these principles to start and build your bookkeeping, accounting, & tax business, please visit us at www.universalaccountingschool.com or call us at 801-265-3777.  And know that if it's about accounting, it's Universal.

Condo townhouses can be one of the best real estate investing opportunities in Edmonton, but only if you know how to do your due diligence properly. In this episode, Wayne and Gabby answer a listener question from a new investor who is buying a condo townhouse in Edmonton and wants to understand how much weight should be placed on the condo document review, reserve fund study, condo fees, special assessments, and overall strength of the condo corporation. Wayne explains why condo document reviews are one of the most important parts of buying a condo townhouse as an investment property. A townhouse can have great numbers, strong rent potential, and appreciation upside, but a poorly managed condo corporation or weak reserve fund can ruin the deal. Wayne and Gabby also discuss why investors should review condo documents carefully, why hiring a professional condo document review company matters, what to look for in reserve fund studies, and why a special assessment does not always mean the condo corporation is bad. They also share a recent example from one of their own Edmonton townhouse purchases where the reserve fund study history raised questions and required further investigation. Later in the episode, Wayne and Gabby answer another listener question about basement suite layout: is it better to build two small bedrooms or one larger bedroom with more living space? They explain why tenant profile matters, why more bedrooms do not always mean better tenants or better long-term results, and why they often prefer a spacious one-bedroom basement suite for a single person or couple. If you are buying a condo townhouse, reviewing condo documents, investing in Edmonton real estate, or planning a basement suite, this episode will help you think through the decision like a real investor. What You'll Learn in This Episode Why condo document reviews are critical before buying a condo townhouse Why a good rental property can still be ruined by a bad condo corporation Why Wayne puts major weight on the reserve fund and condo corporation Why condo townhouses can be one of the best opportunities in Edmonton right now Why more condo corporations are poorly managed than most investors realize Why investors need to review bylaws, meeting minutes, financials, and reserve fund studies Why a reserve fund study should be updated every five years in Alberta Why a missing or outdated reserve fund study can be a warning sign Why a special assessment does not always mean the condo corporation is bad Why condo fee increases can sometimes be responsible long-term planning Why investors should hire a condo document review company Why Wayne teaches students how to understand condo documents instead of blindly relying on others Why basement suite layout should be based on tenant profile Why two bedrooms are not always better than one bedroom Why Wayne and Gabby prefer basement suites for singles or couples Why natural light and spacious layouts matter in basement suites Why more people in a suite can create more management issues Why strong systems make real estate investing easier Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

I'm joined in person by my biz bestie Alyssa Lang of Workflow Queen, and we are SO pumped to talk about the return of the Virtual Bookkeeper Industry Survey round two, baby! We're going bigger, better, and more intentional this time around, with a goal of 2,500 responses, a charity donation tied to Make-A-Wish Foundation, and a brand new interactive data bot that lets you dig into the results yourself. Oh, and we may have gone down a rabbit hole or two about AI, pricing, and what it actually means for running a boutique firm. You're welcome.In this episode you'll hear:A breakdown of the survey format, what questions changed from last year, how this data compounds over time, and why your honest answers help the whole industryHow AI should actually be affecting your pricingHow people are (and aren't) implementing AI in their firms, and the offshoring and automation data we're dying to dig intoThe trust recession around AI, what it means for your client relationshipsResources mentioned in this episode:TAKE the Survey: https://www.ambitiousbookkeeper.com/surveyOr take it Here: https://www.workflowqueen.com/surveyLast Year's Results: https://youtu.be/L0nwFo5A7xMConnect with Alyssa

What do you do when a tenant says they are not paying their final month's rent because you can just use their security deposit? In this episode, Wayne and Gabby walk through a real situation from their rental portfolio where a tenant refused to pay May rent, stopped responding to communication, claimed they knew their rights, and suggested the damage deposit could be used instead. Wayne and Gabby explain exactly how they handled it from April 15th through June 1st, including how they communicated with the tenant, why they filed with RTDRS early, how they planned for multiple outcomes, and what happened when they finally got access to the property. They also discuss why possession matters so much, why landlords need to understand the difference between security deposits and rent, why documentation is critical, and why the right systems can turn a stressful tenant situation into a manageable business problem. This episode is not about fearmongering. It is about showing landlords how to stay calm, follow the process, reduce risk, document properly, and protect their rental property business. Wayne and Gabby also talk about the heavy rainfall in Edmonton, water issues at rental properties, June 1st rent collection, vacancies, inspections, garden suites, and the reality of managing a large rental portfolio. If you are a landlord, self-managing investor, or someone who is nervous about tenant problems, this episode will help you understand how experienced landlords think through situations like this. What You'll Learn in This Episode What happened when Wayne and Gabby's tenant refused to pay final month's rent Why tenants cannot simply use the security deposit as last month's rent Why Wayne and Gabby gave notice that the lease would not be renewed Why the tenant going silent changed the strategy Why filing with RTDRS early helped reduce risk Why landlords should plan for multiple possible outcomes Why possession is one of the most important parts of landlording What happened when their agent went to the property on move-out day Why abandoned possession was one of the better outcomes Why cleaning, junk removal, and damages need to be documented Why security deposits should be handled properly Why landlords need written communication and strong records How Wayne and Gabby decide whether it is worth pursuing money owed Why tenant problems are manageable when you have systems Why proper screening reduces the chance of major tenant issues Why rental property reserves matter during vacancies and turnover Why self-managing rental properties remotely is possible with the right team Why real estate investing problems should be treated like business problems Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

Lloyd Richardson took over Jim's Bookkeeping in 2018 with around 20 franchisees. Seven years later, the division has more than 67 franchisees, 9 regional franchisors, and just became the first division in the network to earn the 50-franchisee plaque on the Jim's training room wall.Lloyd is a fellow CPA who grew up inside his father's accounting firm, scaled it to 26 staff, sold it in 1999, and retired. He came back to consulting, met Jim Penman, and ended up running one of the strongest divisions in the Jim's Group. In this episode of the Jim's podcast, Lloyd sits down with Joel to break down how the division actually works, what makes a successful Jim's Bookkeeping franchisee, and why his vision for the group is to build the happiest bookkeepers in Australia.Lloyd also covers the Payday Super legislation coming in on 1 July, why every Jim's franchisor needs to know about it, and the new MYOB Solo deal that gives any new business owner a year of accounting software plus 2 months of a Jim's bookkeeper for $11. He also explains the new regional franchisor pathway designed specifically for existing accounting firm owners who want to slow down without selling.timestamps 00:00 Introduction00:19 50 Franchisees and Growing01:20 Lloyd's Accounting Background02:56 Taking Over Jim's Bookkeeping05:54 Franchise Myths Accountants Get Wrong07:33 How the Franchise Works09:08 Weekly Support and Ask the Experts11:46 Training and Systems16:12 Traits of Successful Franchisees18:45 Regional Franchisor Opportunities21:14 Getting Your First Clients25:30 Starting Part-Time26:31 Services Offered27:31 Payday Super Explained30:29 Vehicle Log Books and Tax31:47 Cash Flow Advisory33:48 AI and the Future of Bookkeeping41:13 Building Wealth Through Business49:10 Franchise Costs51:56 The Happiest Bookkeeper53:00 Contact and Final Thoughts

Natalia Zacharin, founder of Zacharin Consulting, on her journey from corporate life to scaling her firm to $3 million in six years. The Inc 5000 honoree who specializes in fractional CFO services and strategic financial planning, argues the importance of understanding financials, particularly for small businesses, and the pitfalls of inaccurate bookkeeping. Sharing insights on her experience as a fractional CFO and the importance of continuous learning and mentorship, she advises business owners to be cautious with debt, invest wisely, and maintain higher profit margins for growth and reinvestment. Revenue and sales themselves, she tells us, will never fix broken systems, and profit is not the same as cash.

Where are Wayne's favourite Edmonton neighbourhoods to invest in? In this episode, Wayne and Gabby break down some of the Edmonton neighbourhoods Wayne likes for rental property investing, and why they make sense from an investor's perspective. This is not about buying the fanciest house in the prettiest neighbourhood. It is about understanding tenant profile, affordability, accessibility, property type, cash flow potential, long-term demand, and whether the area fits the kind of rental property business you are trying to build. Wayne shares why he likes areas like Ormsby Place, Jasper Park, Kensington, Ellerslie, Summerside, and Lakewood, while also explaining the strengths and weaknesses of each one. He also talks about why working-class neighbourhoods can be powerful for investors, why accessibility matters, why some areas attract longer-term tenants, and why investors need to separate what they personally like from what tenants actually want. Wayne and Gabby also discuss infill development, suited houses, townhouses, single-family rentals, tenant desirability, and why some Edmonton neighbourhoods may change dramatically over the next 10 to 30 years. If you are thinking about investing in Edmonton real estate, this episode will help you better understand how Wayne looks at neighbourhoods, tenant profile, property types, and long-term rental demand. What You'll Learn in This Episode Why Wayne still sees strong opportunity in Edmonton real estate Why neighbourhood selection matters for rental property investors Why investors should think about tenant profile first Why accessibility can make a rental property more desirable Why working-class neighbourhoods can be strong rental areas Why Wayne likes Ormsby Place for accessibility and tenant demand Why Jasper Park has changed so much because of infill development Why some older Edmonton neighbourhoods may become more renter-focused over time Why Kensington can be a strong area for suited houses and family rentals Why Ellerslie and Summerside attract long-term family tenants Why Lakewood in Mill Woods has historically worked well for Wayne Why rental properties do not need to be flashy to be profitable Why investors should separate personal preference from business decisions Why tenant retention matters for long-term profitability Why townhouses, suited houses, and single-family rentals can each serve different tenant profiles Why Edmonton investors need to understand how neighbourhoods are changing Why cash flow and tenant demand matter more than buying something "sexy" Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

Real estate investing can change your life, but only if you do it the right way. In this episode, Wayne and Gabby have one of their most honest conversations yet about real estate investing, authenticity, bad advice, fake confidence, and why so many new investors get pulled into strategies they do not fully understand. Wayne talks openly about the lack of authenticity in the real estate investing world, why people are often attracted to flashy promises, and why safe, reliable investing rarely looks exciting from the outside. He also explains why investors need to stop blindly following people online, do their own research, and learn how to tell the difference between a real investor and someone selling a dangerous shortcut. The episode then shifts into a real listener question from someone who owns a paid-off home worth approximately $900,000, is planning to move provinces, and is considering using a HELOC to turn that home into a rental while buying a triplex. Wayne and Gabby break down the situation honestly, including why a former personal residence does not automatically make a good rental property, why cash flow matters, why expensive homes often perform poorly as rentals, and why selling the property may create a much stronger investing opportunity. This episode is part speech, part coaching session, and part real-world deal analysis. It is a reminder that real estate investing does not need to be flashy to work. It needs to be safe, simple, profitable, and built on real numbers. If you are a new investor, thinking about using home equity, trying to decide whether to keep a former home as a rental, or feeling overwhelmed by conflicting real estate advice online, this is an episode you should listen to carefully. What You'll Learn in This Episode Why authenticity matters in real estate investing Why Wayne believes too many investors follow flashy but dangerous advice Why new investors need to do their own research before trusting anyone Why safe and reliable investing is often boring, but powerful Why raising capital works better when you are real and honest Why many real estate investing "cycles" are caused by people doing risky things Why Wayne believes investors need to stay in their own lane Why a paid-off personal home does not automatically make a good rental How to think through using a HELOC to buy more real estate Why expensive homes often struggle to cash flow as rentals Why repairs, maintenance, taxes, insurance, and financing costs matter Why cash flow protects you from risk Why selling a personal residence can sometimes create better investing options How one large amount of trapped equity could be redeployed into better rental properties Why Edmonton townhouses and garden suites may create stronger returns than keeping a low-cash-flow house Why Wayne recommends making decisions based on math, not emotion Why real estate investing is simple when you follow the fundamentals Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

Your bookkeeping changes everything from a tax standpoint.If your books are messy, outdated, or based on guesswork, your tax planning is already working with bad information. You may miss deductions, misjudge your profit, make poor year-end decisions, or overpay the IRS without realizing it.In this episode, Mike breaks down why bookkeeping is not just administrative work. It is the foundation of smart tax planning. He explains what bookkeeping actually is, how your profit and loss statement and balance sheet affect your taxes, and why clean, accurate books help business owners make better decisions, reduce tax-season stress, and uncover more opportunities to lower their tax bill.

Interest rates are changing, but not always in the way the headlines make it seem. In this episode, Wayne and Gabby are joined by investor-focused mortgage broker Keaton Kirkwood to talk about what is actually happening with mortgage rates, fixed rates, renewals, and financing for real estate investors. Keaton explains why fixed rates are connected to bond yields, why the media often focuses too much on Bank of Canada announcements, and why investors with upcoming renewals should be paying close attention to recent pricing changes. They also discuss why mortgage planning is getting more complex, especially for investors, self-employed borrowers, and people building larger portfolios. Wayne, Gabby, and Keaton also talk about the importance of having the right power team, including your mortgage broker, realtor, accountant, and lawyer. When things go wrong in a deal, the right team can make the difference between a deal falling apart and a deal getting done. This episode also covers property inspections, negotiation, turnkey rentals, cash flow, amortization strategy, renewal planning, and why real estate investors need to model out different interest rate scenarios instead of hoping everything stays the same. If you are buying rental properties, renewing mortgages, or trying to build a portfolio in Canada, this episode will help you think more clearly about interest rates, financing, and long-term planning. What You'll Learn in This Episode What is happening with interest rates right now Why fixed mortgage rates are connected to bond yields Why Bank of Canada announcements do not directly control fixed rates Why investors with renewals should ask for updated pricing Why mortgage planning is getting more complex for real estate investors Why self-employed borrowers and larger portfolios need better planning Why the right mortgage strategy can protect future buying power Why power team relationships matter when problems come up How a mortgage broker, realtor, accountant, and lawyer can work together Why inspections are not just about walking away from a deal How inspections can create negotiation opportunities Why turnkey properties can be powerful for scaling Why copy-paste systems can beat chasing unicorn deals Why real estate investors should model different interest rate scenarios How re-amortization can sometimes reduce payment pressure at renewal Why buying properties tenants actually want can reduce vacancy risk Why investors need reserves and contingency planning Why the price is forever, but the rate is temporary Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative financing. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

See what the team at The Successful Bookkeeper has on right now → Sammy Mattingly and Fred Ott co-founded Mattingly & Ott Financial Accounting in their mid-twenties, with backgrounds in Big Four auditing and investment management — and a brief, memorable detour into portable sanitation. In Part 1 of this two-part conversation, they walk through the early decisions that shaped their firm: getting certified, landing first clients, and discovering that digital ads were no substitute for showing up in person. Chapters [00:00] Cold open and intro [01:18] Sammy's listener origin story [03:15] Backgrounds before bookkeeping [06:30] The porta potty adventure [11:00] Finding bookkeeping on YouTube [13:00] Five-week plan and first clients [16:00] Why paid ads flopped [18:30] Discovering networking as a strategy [21:00] Building one-to-one meeting habits [24:30] Shifting to strategic partnerships From Porta Potties to ProAdvisor Before bookkeeping, Sammy and Fred tried their hand at entrepreneurship the hard way — buying 20 used porta potties off a site called Crapper King, shipping them across the country on a semi-truck, and eventually moving them on Facebook Marketplace after a good pressure wash. The experience wasn't profitable, but it was formative. As Michael notes on the show, it gave them a layer of genuine empathy for clients: "They don't have all the answers, they're making mistakes, they're trying to figure it out." After a few more ideas, a YouTube video on starting a bookkeeping firm was all the spark Sammy needed. "I watched it, and I was like, well, if this guy can do it, Fred and I can do this." The Five-Week Launch Plan Once they committed to bookkeeping, Sammy and Fred moved fast. They built a five-week plan: get QuickBooks certified, become ProAdvisors, and land one client. Two large cleanup projects came through the QuickBooks ProAdvisor directory almost immediately — enough to justify going full-time. Fred describes those first weeks as equal parts doing the work and learning on the fly: "We were certified in QuickBooks, but it's like — we've got to figure out how this works. We've never done a QuickBooks cleanup for this type of company before." Why Paid Ads Weren't the Answer With their first projects underway, they turned to paid social media ads hoping to fill the pipeline. Six weeks and 15 or 16 leads later, the results were discouraging — contacts who were hard to reach and nowhere near ready to hire a bookkeeper. "We were finding they were all super unqualified," Fred says. That dead end turned out to be the pivot point. A conversation with a local small business attorney introduced a word they'd barely considered: networking. Networking as a Growth Engine Neither Sammy nor Fred would describe themselves as natural networkers — both lean introverted. But they committed fully, spending two to three months filling their days with open networking events and one-to-one coffee meetings. The accountability of working as a team made the difference: knowing the other person was putting in the effort kept each of them showing up. Fred's father, a career salesman, gave them the frame they needed: "Unseen, unheard, unsold." They tracked weekly one-to-one meeting goals, walked up to strangers, shook hands, and asked people to coffee — regardless of whether an obvious business connection was visible. Strategic Relationships Over Volume Over time, the approach evolved from broad networking to targeted relationship-building. Sammy describes the shift as following the data: "We took a step back and we were like, okay, what percentage of our referrals is coming from CPAs or whoever? And it's like, okay, well, if 80, 90% of our referrals are coming from these types of people, we need to go to rooms where there are these types of people." Tax preparers, business brokers, and other professionals who rarely attend networking events became the focus — making Mattingly & Ott's presence at those events even more valuable. Links mentioned Pure Bookkeeping — the system Sammy and Fred found through the podcast Pixie — practice management tool they discovered through The Successful Bookkeeper thesuccessfulbookkeeper.com — resources, episode search, and Ask the Show feature About the guests Sammy Mattingly and Fred Ott are co-founders of Mattingly & Ott Financial Accounting, LLC. High school friends turned business partners, they launched their bookkeeping firm roughly a year and a half ago and went full-time within the first few months. Sammy brings a background in Big Four audit; Fred comes from investment management. Together they serve small, service-based businesses and have built their client base almost entirely through in-person networking and strategic referral relationships. Part 2 of their conversation covers how those relationships translate into referral systems and scalable growth. About the hostMichael PalmerMichael Palmer is the host of The Successful Bookkeeper podcast and co-founder of Pure Bookkeeping and The Successful Bookkeeper. He started this work because of his father — a brilliant electrical contractor who worked twice as hard as he should have had to, because nobody on the financial side was in his corner. That gap is what The Successful Bookkeeper exists to close. His view: bookkeepers are the most undervalued force in small business — and every bookkeeper who builds a real business changes two families: theirs, and their clients'.

Building a lease agreement is one thing. Enforcing it is where many landlords get uncomfortable. In this episode, Wayne and Gabby answer landlord and tenant questions about enforcing lease agreements, dealing with tenant disputes, and understanding the process when a tenancy starts going sideways. They discuss how Alberta's Residential Tenancy Dispute Resolution Service works, what happens if a tenant files a claim against a landlord, and what evidence landlords should prepare when responding to a dispute. Wayne and Gabby also talk about what happens when a tenant does not move out at the end of a fixed-term lease, why landlords need to follow the legal process, and why documentation matters so much. They also cover one of the most common landlord frustrations: tenants trying to use their security deposit as last month's rent. This episode is a practical conversation about running your rental property like a real business. It covers lease enforcement, documentation, tenant screening, RTDRS claims, security deposits, eviction notices, and the systems landlords need to reduce risk. If you own rental properties or are planning to become a landlord, this episode will help you understand how to enforce your lease with confidence, professionalism, and proper documentation. What You'll Learn in This Episode Why building a lease agreement is only the first step Why enforcing the lease is where landlords need confidence How to be firm without being unreasonable Why landlords should understand the Residential Tenancies Act What the RTDRS is and how it works in Alberta What happens when a tenant files a claim against a landlord Why documentation matters in every landlord and tenant dispute How to prepare evidence for an RTDRS hearing Why timelines, written communication, and records are so important What happens if a tenant does not move out at the end of a fixed-term lease Why landlords cannot physically remove tenants themselves When a landlord may need an order and a bailiff Why tenants technically cannot use the security deposit as last month's rent Why this situation is still hard to prevent in real life Why tenant screening matters long before problems happen Why strong systems protect your rental property business Why Wayne believes many landlord problems come from not knowing the rules Why Alberta remains one of the strongest provinces for landlords and investors Upcoming Events Edmonton Garden Suites 101 June 12, 2026 Edmonton, Alberta www.reimasters.ca/edmontongardensuites101 REI Masters Edmonton Real Estate Investing Bus Tour August 22, 2026 www.reimasters.ca/edmontonbustour About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative real estate strategies. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

A strong lease agreement sets the foundation for your rental property business. In this episode, Wayne and Gabby break down how landlords can think about building a lease agreement that is clear, practical, and easy for tenants to understand. They explain why a lease agreement is not just about legal protection. It also helps set expectations, clarify responsibilities, document what both sides agreed to, and support the systems you use to manage your rental properties. Wayne and Gabby discuss why landlords should start with a proper template, make sure it follows provincial landlord and tenant laws, and then customize it based on their property, systems, and real-world experience. They also talk about communication rules, smoking, cannabis, pets, guests, parking, maintenance responsibilities, inspections, cleanliness expectations, and why a lease should be simple enough that tenants actually read and understand it. If you own rental properties, are preparing to rent out your first unit, or want to improve your landlording systems, this episode will help you understand what goes into a strong lease agreement. What You'll Learn in This Episode Why a lease agreement sets the foundation for your rental property business Why every landlord needs a clear written lease agreement Why a lease agreement should support provincial landlord and tenant laws Why you should start with a template instead of building from scratch Why your lease should be simple enough for tenants to understand Why legal language is not always better Why tenants need to understand their responsibilities before they move in Why communication rules are one of the most important parts of your system Why Wayne and Gabby prefer written communication with tenants Why documentation matters if a tenancy ever goes bad Why a lease agreement should support your property management systems What clauses landlords may want to consider adding Why smoking, cannabis, guests, pets, parking, and noise should be addressed Why multi-unit properties may require clearer expectations Why maintenance responsibilities should be outlined clearly Why inspections and documentation help protect your investment Why a good lease agreement is only one part of a larger landlord system About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative real estate strategies. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Edmonton Garden Suites 101: www.reimasters.ca/edmontongardensuites101 Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

What happens when your rental property renovation is finally finished, the cleaners are booked, the photographer is scheduled, and then a surprise repair shows up out of nowhere? In this episode, Wayne and Gabby share the painful story of a $14,000 surprise repair at one of their rental properties. After finishing a basement suite renovation, they discovered a major drain line issue that required jackhammering through the newly renovated suite, replacing the drain line, and repairing the damage afterward. Wayne and Gabby break down what happened, how they responded, why having the right trades and systems matters, and why real estate investors need to be prepared for unexpected repairs. They also talk about renovation surprises, contingency budgets, buying with enough equity cushion, cash reserves, and why owning rental properties requires emotional resilience. This episode is a real look behind the scenes of real estate investing. Not everything goes smoothly. Not every renovation stays on budget. Not every problem can be avoided. But with the right systems, the right team, and the right reserves, investors can handle these moments and keep moving forward. If you own rental properties, are planning your first renovation, or think real estate investing is always clean and easy, this episode will give you a more realistic picture of what it takes to build and manage a rental portfolio. What You'll Learn in This Episode What happened with Wayne and Gabby's $14,000 rental property repair Why surprise repairs can happen even after inspections and renovations Why drain line issues can be expensive and disruptive Why sewer lines and drain lines are not the same thing Why renovations rarely go exactly according to plan Why opening walls can reveal hidden electrical, plumbing, and safety issues Why investors need contingency budgets for renovations Why buying with equity cushion can protect you when costs increase Why cash reserves are critical for rental property investors Why having the right trades on your power team matters How Gabby handled the repair using systems and trusted contractors Why emotional resilience is part of being a real estate investor Why investors should expect problems and know who to call Why Wayne and Gabby still see the deal as manageable because they bought it right Why real estate investing requires both patience and action Why sharing real stories helps investors understand the business more honestly About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative real estate strategies. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact REI Masters Edmonton Real Estate Investing Bus Tour: www.reimasters.ca/edmontonbustour Use discount code: REI Morning Show Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

Send us Fan MailShared expenses. Missing communication. Bookkeeping chaos. What happens when one business owner starts moving between multiple companies, reimbursable expenses, partnerships, and credit cards… but forgets to tell their bookkeeper what's actually happening?In this episode, our favorite Bookkeeping Mensch, Paul Rosenblum, walks through a real bookkeeping situation involving reimbursements between businesses, partnership accounting, balance sheet loans, and how one missing piece of communication nearly created major tax filing problems. But this episode isn't really just about bookkeeping entries. It's about the growing communication gap between business owners and bookkeeping teams, especially in today's remote work environment.If you've ever thought bookkeeping was “just data entry,” or assumed your accountant or bookkeeper would somehow magically figure everything out later, this episode explains why that mindset can become expensive fast.Support the show

Can one rental property change your family's future? In this episode, Wayne interviews Gabby about what real estate investing has created for their family, their lifestyle, and their long-term future. Gabby shares why the greatest benefit of real estate investing has been the lifestyle it created, including time freedom, the ability to homeschool their daughter, working together as a family, and having more control over their days. Wayne and Gabby also talk about the power of leverage, how they started with one rental property and a small down payment, and how real estate investing allowed them to build a life they never would have thought possible. This episode also dives into the emotional side of real estate investing, why people want financial freedom, why time matters so much, and why real estate can become a tool for creating a more fulfilling life. Wayne explains why real estate investing clicked for him, how leverage changed everything, and why he believes smart, fundamentals-based real estate investing can change the financial future of Canadian families. If you are trying to understand why real estate investing matters beyond monthly cash flow, this episode will help you see the bigger picture. What You'll Learn in This Episode Why real estate investing is about more than cash flow How real estate investing created lifestyle freedom for Wayne and Gabby Why time freedom can matter more than luxury or status How real estate helped create more flexibility for their family Why Gabby values being able to homeschool and work from home Why leverage is one of the most powerful parts of real estate investing How Wayne and Gabby started with one down payment and one property Why real estate can quietly build long-term wealth in the background Why patience is necessary when building a rental portfolio Why forcing growth too quickly can create unnecessary risk Why systems matter when managing rental properties at scale How Gabby manages a large portfolio remotely Why Wayne believes real estate investing is easier when you understand the math Why real estate can create confidence, certainty, and long-term opportunity Why starting sooner gives investors more time to compound How real estate investing can help build a more fulfilling life About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative real estate strategies. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Learn about the Remote Property Management Course: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

"Busy but broke" — it's the phrase Christina hears more than any other from real estate investors who come to Simple CFO. In this episode of the Simple CFO Case Files, she sits down with senior CFO Michael Glaspie, one of the longest-tenured members of the Simple CFO team, to break down exactly why that happens and how a real financial system fixes it.Michael walks through what separates a CFO from a bookkeeper or CPA, how the first 60 days of a client engagement actually work, why education without application is just entertainment, and two client stories that show what it looks like when Profit First finally clicks — including a couple doing 50–60 flips a year who discovered they were actually losing money.Timeline Highlights[0:23] Introducing senior CFO Michael Glaspie and why "busy but broke" is the most common phrase Simple CFO hears[1:51] What client businesses look like before and after Simple CFO in one sentence[3:00] Why industry knowledge is the thing that separates a great CFO from a good one[5:17] Why bad bookkeeping is the root of overpaying taxes, losing loans, and bleeding cash[9:39] Why a CFO think tank beats a solo practitioner every time[12:30] What the first 60 days actually look like: the battle plan call and backwards math[13:45] The expense analysis: evaluating bookkeeper accuracy and finding trends[14:33] How to find the root cause — is it leads, or is it flips running 270 days instead of 120?[16:38] Why you can start Profit First today — but accurate numbers unlock the exponential growth[17:54] Education without application is just entertainment — why reading the book isn't enough[19:34] Why Profit First is never one-size-fits-all and has to be customized to the business[20:19] Client story #1: the wholesaler living paycheck to paycheck — fixed with one account[21:28] Client story #2: great years, huge tax bills, no money set aside — and how 18 months changed everything[23:22] How the Simple CFO dashboard tracks real-time KPIs connected directly to QuickBooks[25:21] Full transformation story: the couple doing 50–60 flips who discovered they were actually losing money[26:43] How switching from flips to wholesaling, adding coaching, and JV-ing on student deals changed everything[28:22] Where they are today: traveling, paying themselves, and living the life they originally started the business forKey TakeawaysBusy and broke is not a revenue problem — it's a systems problem. The right financial infrastructure changes everything.Bad bookkeeping is the root cause of overpaying taxes, losing loans, and not knowing where cash goes.The CFO is the quarterback of the financial team — and you want one who's been to the Super Bowl, not one throwing Hail Marys.The first 60 days are about finding the real break-even number, cleaning the books, and identifying the true root cause of financial pain.Education without application is entertainment — reading Profit First and implementing it are completely different things.You don't always need to scale. Sometimes you need to strip the business back to what you actually intended when you started it.One account — owner's pay — can be the single shift that changes how a business owner feels about their entire business.Links & ResourcesBook a discovery call to find out exactly where your money is going and how to keep more of it: simplecfo.comClosingThanks for listening to the Simple CFO Case Files on the Profit First for Real Estate Investors podcast. If you found this helpful, make sure you're subscribed so you don't miss our guest interviews and Profit First conversations with David Richter. If you're ready to bring clarity and structure to your finances, visit profitrei.com to apply for a free financial discovery call with our team.

How do you know if a real estate deal is actually good? In this episode, Wayne and Gabby break down the key elements every investor should look at before buying a rental property. Wayne explains why a good deal is not based on emotion, wall colours, gut feeling, or whether a property simply "looks cool" online. A good real estate deal needs to be analyzed like a business. The conversation covers the most important pieces of a strong investment property, including cash flow, projected return on investment, tenant profile, money made on the buy, appreciation potential, value-add opportunities, and whether the deal actually fits your personal investing goals. Wayne and Gabby also share stories from their recent property viewings in Edmonton, including why they are actively buying right now, what they look for when walking through a property, and how small details can affect both buyer and tenant appeal. If you are trying to buy your first rental property, analyze better deals, or stop guessing whether something is a good investment, this episode will help you build a clearer checklist for making smarter real estate decisions. What You'll Learn in This Episode Why a good real estate deal should be judged like a business Why investors should not buy based on emotion or appearance alone Why cash flow is the first major piece of a good rental property How cash flow protects your portfolio during hard seasons Why the 5% Rule™ matters when analyzing rental properties What projected ROI means and why every investor needs a personal standard Why appreciation should be considered but not relied on Why tenant profile matters before you buy the property How the type of property affects the type of tenant you attract Why Wayne and Gabby prefer simple, easy-to-manage rentals Why making money on the buy can boost your return immediately Why value-add potential can make a deal stronger How upgrades, secondary suites, and garden suites can increase income and value Why not every value-add opportunity is worth doing Why a deal still needs to fit your personal goals Why clarity helps your realtor, coach, and network bring you better opportunities About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and real estate investing coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, wholesaling, seller financing, rent-to-own, garden suites, and creative real estate strategies. The Canadian Real Estate Investing Morning Show is a daily podcast focused on helping Canadian investors build cash flow, scale their portfolios, and invest with confidence. Resources & Contact Learn about the REI Masters Mentorship Program: www.reimasters.ca Bookkeeping & tax help for real estate investors: www.finngo.com/rei Get Wayne's book: The 5% Rule™ – A Real Estate Cash Flow Test for Canadian Investors https://a.co/d/jdZaBXM Submit a question or connect with us: info@reimorningshow.com Thanks to Our Sponsors Calvin Realty – Edmonton Investor-Focused Realtor calvinrealty.ca Finngo Bookkeeping & Tax – For Investors, By Investors www.finngo.com/rei Kirkwood & Brennan Mortgage Group keaton@kbmortgages.ca

Welcome to another episode of the gohappybeauty podcast! Today, we're talking all things numbers with Danielle Hayden founder of Kickstart Accounting, as she joins Grant in a candid conversation about the financial side of running a beauty business. From her journey as a creative-turned-CFO to launching a firm dedicated to serving small businesses, Danielle is on a mission to help entrepreneurs understand, manage, and leverage their finances with confidence. We cover everything from overcoming the fear of bookkeeping, the importance of knowing your numbers, setting aside tax reserves, and how proper financial management can be a game-changer for achieving your business goals. Whether you're new to the world of business finances or looking to take your profit planning to the next level, this episode is packed with practical advice, tough love, and real-world examples aimed at helping you become a more empowered and educated business owner. Stay tuned—your financial health check starts now!

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