Lou Brown has been buying, selling and holding property for 40 years and you are about to discover what a lot of so called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…
* How to have a buyer or renter before you even buy property…
* How to have them already pay you money before you sold them anything…
These are exactly the kinds of deals he does day in and day out. Most ‘investors’ are getting it wrong. It’s not about the property, it’s about the buyer. Buying right and buying cheap is what you’ll do after you have the buyer.
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Welcome back! It's Lou Brown with another of my amazing
101 Street Smart cash flow accelerators. I've been in this business over 40
years buying, holding and selling property and I've learned a lot of valuable
things. And one of the things I talked about in number 51 was the use of profit
centers and adding in profit centers into your agreement because people are
number one, willing to pay them if you're willing to offer certain things. And
now number 52 is Charge Extra Person Fees, extra charges when people move in.
Now what this means is let's say that somebody is applied for your property and
there's two adults and two children and then you find out later that there's
additional people living in the property. Now that only happens a lot. So, I want
you to be aware of that. That in the agreement we actually have built into our
Standard Rental Agreement an amazing additional profit center for you that says
if you're going to move in additional people, then you're going to pay $100 per
person.
101 Street Smart cash flow accelerators. I've been in this business over 40
years buying, holding and selling property and I've learned a lot of valuable
things. And one of the things I talked about in number 51 was the use of profit
centers and adding in profit centers into your agreement because people are
number one, willing to pay them if you're willing to offer certain things. And
now number 52 is Charge Extra Person Fees, extra charges when people move in.
Now what this means is let's say that somebody is applied for your property and
there's two adults and two children and then you find out later that there's
additional people living in the property. Now that only happens a lot. So, I want
you to be aware of that. That in the agreement we actually have built into our
Standard Rental Agreement an amazing additional profit center for you that says
if you're going to move in additional people, then you're going to pay $100 per
person.
Now, another clause says it's, if you don't tell us about
that, then it's retroactive to the beginning date of the agreement. So let's
say we find out about these extra people a year into the agreement and they
didn't tell us about, let's say that they've got two extra people in there.
Well that's 200 additional dollars per month that you could be collecting on
these extra people that are producing additional wear and tear on your
property. You should be paid for. They didn't tell you about them in the
beginning. They weren't approved by you. You don't know these people and their
income was not considered in approving this transaction. And so what we like to
do is actually just build it into the agreement so that if they do tell us
about it, then it begins to be $100 per person. If they don't tell us about
them, it's retroactive to the beginning date of the agreement. What? To create
compliance. That's what you're doing. You're creating compliance to your rental
agreement because it's a very powerful document. But if you don't use it for
what it's designed for, you can put yourself in a position of hurt baby.
Alright. So like this. Share this. And do subscribe to our channel and I hope
to see you soon. Join me at my up coming Millionaire Jumpstart event. It's
three days of nonstop information. www.MillionaireJumpstart.com Yeah, baby!
that, then it's retroactive to the beginning date of the agreement. So let's
say we find out about these extra people a year into the agreement and they
didn't tell us about, let's say that they've got two extra people in there.
Well that's 200 additional dollars per month that you could be collecting on
these extra people that are producing additional wear and tear on your
property. You should be paid for. They didn't tell you about them in the
beginning. They weren't approved by you. You don't know these people and their
income was not considered in approving this transaction. And so what we like to
do is actually just build it into the agreement so that if they do tell us
about it, then it begins to be $100 per person. If they don't tell us about
them, it's retroactive to the beginning date of the agreement. What? To create
compliance. That's what you're doing. You're creating compliance to your rental
agreement because it's a very powerful document. But if you don't use it for
what it's designed for, you can put yourself in a position of hurt baby.
Alright. So like this. Share this. And do subscribe to our channel and I hope
to see you soon. Join me at my up coming Millionaire Jumpstart event. It's
three days of nonstop information. www.MillionaireJumpstart.com Yeah, baby!
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