Profit First Book by Mike Michalowicz- Experience?

[Carson Fox]

Good afternoon,

I've been reading Profit First by Mike Michalowicz and am going to set up the system just like the book tells you to do. I was wondering if anyone of you have tried this and how has it treated you? How was the set up process for you? I know it will definitely help my business finances. 

Look forward to hearing from a few people hopefully.

[Rocky Lalvani]

One of the best ways to use Profit First with rentals is to set up separate accounts for vacancy / turnover costs, repairs and major upgrades. By saving a small % each month for these costs you have the money to pay them when they come up. It won't mess with your cashflow and smooths everything out. When it's time for a new roof you already have the money set aside to pay for it.