Don’t Collect Rent on the First of the Month -101 Street Smart Cash Flow Accelerators #58

Lou Brown

Aug 16 2019

Hold on, I'm back with another of my 101 profit centers to help you build and sustain a wonderful real estate investing business. And one of the things I discovered over time was that when we connect with our residents, we want them to be responsible around what they're doing with our property. Most of your residents have a lot of different bills due on the first of the month. So I rolled that back and I said, what if we got paid out of the middle of the month check instead of the first of the month check? So I rolled it back to the 25th not now. I've found out that there's about 13 different benefits from collecting the rent early before the first of the month. One of them is that everybody else is falling there dispossessed surgeries later after the first of the month. They usually wait five days before they filed this possessors.

Well, think about this. If you're collecting on the 25th and your resident doesn't pay on time, then you're actually filing your dispossesses on the first of the month when nobody else is there. So it opens up the opportunity for you to be in court before everybody else is. It opens you up to the opportunity for the, okay, please. Yeah, your paperwork doesn't get delivered as a notice of the dispossessed Surry warrant and it doesn't get served until later in the month. Now they may not call them just possessors in your area, but you get the idea. If it is not timely, then you're going to be pushed back. Sometimes it can take up to a month for them to serve that paperwork. Well in the meantime, you haven't been paid already. Now you're not being paid again until you finally get to court. So we want to speed that process up as much as possible and one of the ways we do that is to get paid on the 25th of the month. I hope this has been a value to you. Like I said, I've got 13 different reasons that that alone is valuable to you and you can find out more about that in my volume to selling and holding. You can get that at street smart, investor.com that street smart investor.com I hope that's valuable to you, like this. Love this. Share this with everybody, you know, and I will see you soon. Yeah, baby.

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.