EP 270 - Optimizing Profits in Real Estate: How To Strategically Scale Your Business w/ CFO Michael Glaspie

What did you think of todays show??Trying to scale your real estate business? You’ve likely already started building a strong portfolio and hiring a team, but have you given any thought to money management?In this episode with real estate investor and CFO Michael Glaspie, we explore the essential role of financial management and planning for entrepreneurs looking to scale. With dual expertise in real estate and finance, Michael shares insights from his experience in fractional CFO services, delving into the importance of tracking finances, understanding gross versus net profit margins, tax strategy and more.He also covers practical financial strategies like the Profit First Method, his favorite way for business owners to reward themselves while also reinvesting back into their business.Tune in to learn more about scaling your real estate business and reaching your goals through money management!Topics discussed in this episode:The role of a fractional CFO in real estateThe importance of money management in business strategyKPIs to look at in your real estate businessOptimizing your business at scaleThe Profit First Method for entrepreneursWhat to expect from CFO servicesConnect with Michael Glaspie:https://www.instagram.com/michael.s.glaspie/https://www.youtube.com/channel/UC2sBtB4DJVkOF4zvvDqqn9whttps://michaelsglaspie.com/Check out the FREE Collecting Keys “Sub To Transactions” Master Class!https://collectingkeys.com/subtoIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://collectingkeys.com/Check out the Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeys.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://collectingkeys.com/free/If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://collectingkeys.com/keyscon-2023/ and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://collectingkeys.com/https://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com