It’s Lou Brown here and I’m talking about management secrets and how to increase your income.
This is one of the things that landlords miss out on. What we look at is provide services to clients in order to increase cash flow. There are many charges that can be used such as:
1. Extra-person fee – charge per extra person staying in the property
2. Pet services fee – charge on having pets
3. And many more
The trick here is to have the right paperwork. Take advantage of rental agreements that contain different profit centers.
This is something I can teach you and discuss in detail during my online training, Wealth Builders Workshop. Sign up today so you can learn about different profit centers to increase your cash flow.
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Hi! It’s Lou Brown. Talking about Management Secrets and how to increase your income. This is one of the things that a lot of, let’s say landlords, miss out on. They typically make the difference between their mortgage payment and what they rent the property for. Sometimes that’s a slight amount of money, a few hundred dollars. And then if a water heater goes out or a roof goes out, well, that wipes out their cash flow for sometimes over a year. One of the things we look at is services that we can provide to our clients and get paid for that. So we can add to the cash flow and eliminate problems and challenges.
Now we’ve got things like pet fees. Yes, people will pay for their pets. And yes, we charge a $500 pet fee. We also charge pet rent of anywhere from $15 to $25 per month. We also have other things that we charge such as extra person fee. Extra person fee, what do you mean? If they move in people they didn’t tell you about, then we charge a hundred dollars per head retroactive to the beginning date of the agreement.
Now your paperwork is going to be a critical piece of success in this. We have a standard rental agreement loaded with profit centers and protection. So what I encourage you to do is take advantage of that. And there’s so many other things that we do in the management of our properties. We’ve identified over 25 different profit centers that we’ve built into our system that you can take advantage of.
Now it takes training, it takes education. I’m going to have a Wealth Builder Workshop coming up. That’s going to have a lot of details in there. Information that you absolutely need to advance your business. And you’re going to be learning some valuable things that need to be in your paperwork. So we’re going to have some focuses on paperwork throughout the event. And also you’re going to get my book. Buy, Hold, Sell. Baby! International best seller and something that gives you a foundation to work from, for sure. So be sure and register now, get all the information, take advantage of it. And I’m looking forward to seeing you soon at the wealth builder one day. Yeah, baby!