Exclude Appliances from the rent - 101 Street Smart Cash Flow Accelerators #57

Lou Brown

Aug 09 2019

Hey everybody is Lou Brown, welcome back, or another of 101 additional profits. Since there's ways that you can increase the amount of money that you're receiving on every property that you do. And one of the ways that we've discovered that we can do that is deal with the appliances. You know, I discovered years ago that appliances were one of the biggest headaches you can ever have. It was amazing to me. I had a whole bunch of apartments and people would have a tiny little refrigerator with a tiny little freezer and if the refrigerator went out, they would say that they had lost $400 worth of meat because the freezer went out and lost $400 worth of valuable meat. He discovered that being in the appliance business was not a business I wanted to be in. And so years ago I started just carving out and disappearing. Why is this so now if the home had a dishwasher, it still has one.

If it had a stove, it still has one. If it had a refrigerator, it still has one if they are there. But what we tell the resident is they're there as a convenience to you. They are not included in the rent. If anything goes wrong or bad with those, call an appliance expert and have them come deal with that or go buy yourself a new one and have fun with that. We actually got out of the appliance business years ago. I'm so glad we did. If we purchased a new property and it doesn't have any one of those three, we do typically put in a dishwasher but then we'll leave out the stove and refrigerator and we'll let the resident buy new ones. Now here's another thing that we've done is another province in our, I should probably put it on another one, but we will actually sell the appliances to the residents. We can talk more about that. So I hope you love the idea of not having to be in the appliance business. And in fact we have a clause in my standard rental agreement that says no part of the rent applies. Do appliances. If they're there, they're there is convenience and they are welcome to have them repaired or call us. And we will take them away. And that's the way that we handle appliances. I hope this has been of value to you. Taking advantage of my over 40 years being in this business, supplying, holding, and selling property. Share this, Like it. Love it, and I will see you soon.

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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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.