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

Lou Brown

Jul 23 2019

Welcome. 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.

Many landlords prohibit any kind of pit. Well, what does that create that creates an unhappy camper? Listen, human beings love to take care of other things, other beings on the planet and human beings love to have pets. Again, something that's gonna love them back and so when we charge or pet fees, people willingly pay it and watch this one. It can also create a client that's going to stay longer because they may have trouble other places that will accept pets when we have no problem with it. We're wanting to set these people up on what we call our path to home ownership where they can end up purchasing that property or a different property from us in the future. So we're very excited about them bringing their pets. Now we limited to two pets. We want to know what kind of pets they are. We definitely want to vet that pet.

There's even bit screening.com that will check out that bit and they can pay a fee for that, but we charge a pet fee of $500 per pet and we charge a monthly rent on that pet anywhere from 15 to $25 per pet per month. Now that's enough. Ooh, that's a great thing. Now there's certain language again, so this is where having the right agreement comes into play. Now that agreement is our standard rental agreement, and that's in my volume to selling and holding and also in volume eight property management. I definitely encourage you to get that, read that agreement, and you're going to find some amazing profit centers that are built in also protections for you in your business. Hey, I've been at this game over 40 years of buying, holding, and selling property, and I can tell you it's very critical that you have the right paperwork and that paperwork can bring you a whole lot of additional cashflow on a monthly basis. So it's very valuable for you to have the tools necessary to make this work.

I hope you liked this, that you share this and that you join my channel. Subscribe. Yeah, baby season.

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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Web Site: https://millionairejumpstart.com/ and https://streetsmartinvestor.com/

Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976.

He's invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He's widely known as a creative financing genius with his deal structuring concepts.

Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world's largest real estate investor group.

He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.