REI WEALTH MONTHLY issue39 - Page 73

7 BOOKKEEPING MISTAKES THAT REAL ESTATE BUSINESS OWNERS MAKE AND HOW TO AVOID THEM LEON MCKENZIE 7 Bookkeeping Mistakes That Real Estate Business Owners Make and How to Avoid Them By Leon McKenzie, CEO, US Probate Leads H ow would you feel if you had to watch as your hard­earned wealth goes up in flames because you  failed to make sure that your finances were in order? The word horrible comes to mind. Statistics show that about 49% of small businesses will not be able to survive for 5 years or more. So, if this is  a fate that you want to avoid as a real estate investor, your bookkeeping must be in order.