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…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.
* 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…
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Hi, it's Lou Brown. I'm back with another of my 101 cash
flow accelerators. It's so great to see you. This is part of a series when
Managing Property. Each one of the different segments of the 101 cash flow
accelerators is divided it into separate segments. This one focuses on managing
your property. I've been buying, holding and selling property now for over 40
years. Love the business and one of the things that we do is always teach you
how to have effective property management, efficient property management and
profitable property management. And this one is raise rents annually. You know,
one of the big mistakes that landlords make is that they don't raise rents.
They get very confident and comfortable in their relationship with their
resident and they don't want them to move. I don't blame you for that. I'd want
to feel the same way. However, what happens is inflation is a real thing.
flow accelerators. It's so great to see you. This is part of a series when
Managing Property. Each one of the different segments of the 101 cash flow
accelerators is divided it into separate segments. This one focuses on managing
your property. I've been buying, holding and selling property now for over 40
years. Love the business and one of the things that we do is always teach you
how to have effective property management, efficient property management and
profitable property management. And this one is raise rents annually. You know,
one of the big mistakes that landlords make is that they don't raise rents.
They get very confident and comfortable in their relationship with their
resident and they don't want them to move. I don't blame you for that. I'd want
to feel the same way. However, what happens is inflation is a real thing.
Check with the Bureau of labor statistics and you'll find
that inflation over the last 20 years has been about 2.94% per year. So in
other words, you start a year in January with a dollar. You end a year in
December 31st with about 97 cent so you already know you're going backwards by
3% and doesn't it make sense to raise your rents. Now in our standard rental
agreement that I've talked to you about on other segments, one of the things
that we've built in is an annual increase in rents built in that it's 10% now
we tell our resident when we do our signing ceremony that I also covered in
different segments, we tell them that it does say 10% however, we're going to
look at the different expenses that we've had on the property to determine what
the amount will be. For the purposes of this training.
that inflation over the last 20 years has been about 2.94% per year. So in
other words, you start a year in January with a dollar. You end a year in
December 31st with about 97 cent so you already know you're going backwards by
3% and doesn't it make sense to raise your rents. Now in our standard rental
agreement that I've talked to you about on other segments, one of the things
that we've built in is an annual increase in rents built in that it's 10% now
we tell our resident when we do our signing ceremony that I also covered in
different segments, we tell them that it does say 10% however, we're going to
look at the different expenses that we've had on the property to determine what
the amount will be. For the purposes of this training.
It's to share with you that you should always raise your
rent at least 3% just to be even with the beginning of the year, and to also
take into consideration property, taxes, insurance, and repairs that you've had
in the property. And when you use my paperwork, standard rental agreement, it
already has a place built in for you to notify your resident that the rent will
go up in 12 months.
rent at least 3% just to be even with the beginning of the year, and to also
take into consideration property, taxes, insurance, and repairs that you've had
in the property. And when you use my paperwork, standard rental agreement, it
already has a place built in for you to notify your resident that the rent will
go up in 12 months.
I hope this has been valuable to you. Like it. Love it.
Share it. And subscribe to our channel. And I look forward to seeing you soon
at my Millionaire Jumpstart Training. If you'd like to know more about managing
properties the right way, the street smart way, go to StreetSmartInvestor.com
look at the tools and you'll find my Property Management System volume eight.
Call us 1-800-578-8580. Have a great day. Yeah, baby!
Share it. And subscribe to our channel. And I look forward to seeing you soon
at my Millionaire Jumpstart Training. If you'd like to know more about managing
properties the right way, the street smart way, go to StreetSmartInvestor.com
look at the tools and you'll find my Property Management System volume eight.
Call us 1-800-578-8580. Have a great day. Yeah, baby!
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