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 am back with another of our 101 cash
flows accelerators. And one of the things that we're focused on in this part of
the series is Property Management. Proper property management. Informed
property management. And one of the most important things you can do in
property management is to have excellent documentation. And not only to have
actual excellent documentation, but also to train your residents to be a good
resident. So what we do is we have a signing ceremony, we call it the signing
ceremony and we invite the resident to come into our office. But if you don't
have an office set up a location, it could be a hotel lobby, it could be the
local waffle house, Denny's, where ever that you can have a quiet place, you
can sit to be there for a while in a comfortable environment, not at the empty
house so that you're going to rent to them or the apartment sitting on the
floor.
flows accelerators. And one of the things that we're focused on in this part of
the series is Property Management. Proper property management. Informed
property management. And one of the most important things you can do in
property management is to have excellent documentation. And not only to have
actual excellent documentation, but also to train your residents to be a good
resident. So what we do is we have a signing ceremony, we call it the signing
ceremony and we invite the resident to come into our office. But if you don't
have an office set up a location, it could be a hotel lobby, it could be the
local waffle house, Denny's, where ever that you can have a quiet place, you
can sit to be there for a while in a comfortable environment, not at the empty
house so that you're going to rent to them or the apartment sitting on the
floor.
That's not comfortable for anybody. And it's not conducive
for learning and for education because that's exactly what we use the signing
ceremony for. We want our residents to be educated and trained to be a good
resident, so we use that document, the standard rental agreement loaded with
profits under, and protection and negotiation. When we are sitting down with them
to do the signing ceremony. Now we typically say, please get a babysitter for
your kids. This is going to be focused. We need everyone who's going to be a
signatory on the agreement, which means everyone in the house is 18 years of
age or older, must appear at the signing ceremony and then together we're going
to go through the documents so you could fully understand what you're agreeing
to. And then when they get to the signing ceremony, we have already got our
documents down.
for learning and for education because that's exactly what we use the signing
ceremony for. We want our residents to be educated and trained to be a good
resident, so we use that document, the standard rental agreement loaded with
profits under, and protection and negotiation. When we are sitting down with them
to do the signing ceremony. Now we typically say, please get a babysitter for
your kids. This is going to be focused. We need everyone who's going to be a
signatory on the agreement, which means everyone in the house is 18 years of
age or older, must appear at the signing ceremony and then together we're going
to go through the documents so you could fully understand what you're agreeing
to. And then when they get to the signing ceremony, we have already got our
documents down.
They're very professionally done. The way our forms is
laid out, I mean it looks like an attorney prepared all of these documents.
They're very consistent, they're concise, they match and they have a flow.
There's a step by step process. I teach that to you. In fact, that's available
to you in our Property Management. This is volume eight of our Street Smart
System and this is available at StreetSmartInvestor.com it comes with the forms
disc and six hours of CDs that walk you through Proper Property Management. And
one of the things that we do at the signing ceremony is go through all the
documentation with the resident and literally we give them a copy all complete
and we have a copy and we together read that document. So literally we're
reading them each thing, we're going over each paragraph so that there is no
confusion and they actually initial every page, they signed a document at the
end. There is no confusion about who was present at the time at the meeting.
And that's your opportunity to train your residents to be a good resident.
There's a lot more to that conversation in volume eight.
laid out, I mean it looks like an attorney prepared all of these documents.
They're very consistent, they're concise, they match and they have a flow.
There's a step by step process. I teach that to you. In fact, that's available
to you in our Property Management. This is volume eight of our Street Smart
System and this is available at StreetSmartInvestor.com it comes with the forms
disc and six hours of CDs that walk you through Proper Property Management. And
one of the things that we do at the signing ceremony is go through all the
documentation with the resident and literally we give them a copy all complete
and we have a copy and we together read that document. So literally we're
reading them each thing, we're going over each paragraph so that there is no
confusion and they actually initial every page, they signed a document at the
end. There is no confusion about who was present at the time at the meeting.
And that's your opportunity to train your residents to be a good resident.
There's a lot more to that conversation in volume eight.
I hope this has been helpful to you. Do share it. Do like
it. Do love it. Do subscribe. And I will see you soon. Yeah, baby! Take care.
it. Do love it. Do subscribe. And I will see you soon. Yeah, baby! Take care.
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