Charge Pet Fees. Vol 2 and Vol 8 – 101 Street Smart Cash Flow Accelerators #53

It’s Lou Brown with another one of my hundred and one street-smart cashflow accelerators. And in this one in this series I’ve been talking about when managing property and having the right agreement and in that agreement can be certain things that definitely will put you in a position of success. And this one is charged pet these. Listen, when people have animals, they love those animals in some cases more than they love their children. The animal comes to them, they wag their tail, they love that animal. The animal loves the person and everything is so cool and so people are willing to pay for these animals. Now imagine that when someone discloses on their application that they have animals, we will allow up to two. Now we’re mainly focused in the single family business. We do have multi-families. I’ve done many, many multi-families in the past and we definitely also want to attract people that want to stay.

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Always Use the Right ‘Rental Agreement’ That Will Protect You – 101 Street Smart Cash Flow Accelerators #51

I am back with another one of my 101 cashflow accelerators. And this is number 51. Always use the right rental agreement that will protect you. Well, I’ll tell you what, over the years I’ve definitely learned that paperwork matters. And if you’re serious about this business, you’ve got to understand that you are in a contract-related business, that you’re going to contract with sellers, you’ve got to contract with buyers, you’re going to contract with occupants of your property. Sometimes they’re renters, sometimes they’re buyers. And having the right paperwork is an absolutely critical step in the process. And by that I mean that you have to have paperwork that protects you, that negotiates for you, and that covers your assets. When things get a little wonky, as they sometimes do with crazy people, that might move into your property. So what happens is that we give you the tools to be able to do that.

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Charge Extra Person Fees – 101 Street Smart Cash Flow Accelerators #52

I’ve been in this business for 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 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 charged 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 are two adults and two children and then you find out later that there are additional people living on the property. Now that only happens a lot. So, so I want you to be aware of that, uh, that in the agreement we actually have built into our standard rental agreement on 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.

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The Real Wealth is in The Holding of Property – 101 Street Smart Cash Flow Accelerators #50

it’s Lou Brown back with another one of my hundred and one street smart cashflow accelerators. I love teaching these. It’s gotten a lot of great information. This segment we’re going to focus on managing. So number 50 buy right so you can keep some of your fines. The real wealth is in the holding of the property and I couldn’t emphasize that more. I couldn’t be a better testimony to that fact that we have bought right and held over many, many years and given people the opportunity to someday end up with home ownership. And as a result, we’ve got great cashflow and great residents that live in the homes. So one of the things that you’re looking for is when you purchase the property, you’re looking at financing because when you use hard money financing, it’s usually limited to three, six months, maybe a year, and then you’re done.

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How To Prevent Loss Of Your Assets And Filing Of Judgments On You(7 Of 7 In Lou’s Trust Series) – Street Smart Cash Flow Accelerator #49

It is hard for others to collect judgments and liens with your assets in trust. Imagine this, somebody goes to court; they follow a lawsuit against you. You have a situation in court. Most attorneys will actually admit that many cases are won from technicalities, not even from the law, not even for what was right or what was wrong. They won on technicalities. So the system is so flawed in my opinion and I really don’t appreciate it and I don’t like it.

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How To Avoid The Due Upon Sale Clause Legally And Easily(6 Of 7 In Lou’s Trust Series) – Street Smart Cash Flow Accelerator #48

Avoid the due upon sale clause requirement legally using trusts. One of the most powerful things is wouldn’t you agree if you didn’t have to go to the bank and you didn’t have to qualify for a loan and you could actually buy real estate, wouldn’t that be awesome? And you don’t have to put up your credit report and you don’t have to pay a bunch of fees. The cost of the loan and all those things could be eliminated if you simply negotiate with the seller as I’ve shared with you and other tips and take over their existing financing on the property, take over the payments on the property.

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How to Avoid Probate (5 Of 7 In Lou’s Trust Series) – Street Smart Cash Flow Accelerator #47

Today’s tip – Have your estate avoid probate using trusts.

My suggestion to you is do not hold property in your own name. Hold property in this wonderful, incredible entity that God created called trusts. This came over on the Mayflower. It’s been around a lot longer than LLCs, corporations and limited partnerships and one of the great things is that because you have the trust because the property is already interest, you’ve already determined who the beneficiaries are, then there’s no reason for probate and in fact trust is the only thing that avoids probate.

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Have A Personal Property Trust As The Beneficiary Of Your Land Trust(4 Of 7 In Lou’s Trust Series) – Street Smart Cash Flow Accelerator #46

Trust is something that most people don’t know anything about it. It’s the most powerful entity I’ve ever discovered on the planet. And it’s something that you need to learn and you need to master. I love being able to pass this on to other folks because of the changes and the benefits that I’ve gotten from it had been totally amazing. I can’t tell you how many testimonials from others that have used my system over the years, been doing this since 1984 so there’s an awful lot of experience that’s gone with that and teaching others as well over the last 30 years has been very powerful as well.

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Hold Your Personal Property Such As Autos In A PP Trust (2 Of 7 In Lou’s Series On Using Trusts) – Street Smart Cash Flow Accelerator #44

Hold your personal property such as autos in a personal property trust. In the last tip I was sharing with you about a thing called land trusts, there’s another kind of trust that I dearly love called a personal property trust. Personal property trust is a different kind of trust than a land trust. Personal property trust holds. Guess what? Personal property. So in other words, a land trust holds land. If it has a legal description attached to it, then that goes into a land trust.

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Never Own Anything In Your Own Name: Always Hold Title This Way(1 Of 7 In Lou’s Series On Trusts) – Street Smart Cash Flow Accelerator #43

This little series is going to revolve around what I believe to be the very best way that you can set yourself up for success. And that’s the whole title to your real estate in trust. An amazing kind of trust called a land trust. Now a land trust is different from other types of trusts. It’s about 30 different kinds of trusts out there. This very unique and special trust actually allows us to do things that other trusts don’t let us do. Certainly LLCs, corporations, limited partnerships, can’t do many of the things that a land trust can do. It’s one of the reasons that I love land. Trust dearly. Love them.

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