Ep #57: Increasing your NOI and creating better tenants by enforcing late fees

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 9 February 2015

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this weeks show we’re going to cover a topic that has seem to become a popular over the past few weeks throughout the numerous conversations I've personally had with real estate investors who own multi-unit and single family rental properties

This week’s show is a quick one in comparison to our normal Monday session and I’m going to get straight to the point as this is a topic that we don’t need to tip toe around. It’s really a no brainer and if you’re not implementing this strategy then you’re doing yourself and your business a disservice and you should really second guess your choice as being a professional landlord or real estate investor who owns rental properties since you'd be leaving a ton of money on the table without this technique in place

And the topic or technique is about enforcing monthly late fees and why as a landlord I love when my tenants pay late and you should too if you want to increase you NOI.

In this show you’re going to learn:

§ Why it is soooo important to enforce late fees

§ How you increase your NOI by as much as 10% by implementing this simple practice

§ How this simple strategy will make your job as a landlord much less stressful

§ How enforcing such a policy will make for better residents

§ And much more…

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.2	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here with episode number 57 of the Real Estate Investing for Cashflow
0:35.3	podcast, where our mission is to help you build and maintain massive amounts of cash flow through
0:40.0	income producing real estate investments.
0:42.2	If this is the first time you're tuning into the show, I want to welcome you to our
0:45.3	family, or if you're one of the many thousands of regular listeners who tune in each and
0:49.7	every Monday and make this show a part of their weekly ritual, I want to welcome you back
0:53.9	and say thank you from the bottom of my heart for being a part
0:56.2	of our family here at the Real Estate Investing for Cashflow podcast.
0:59.8	And this week's show, we're going to cover a topic that has seemed to become a popular
1:05.1	discussion I've had over the past few weeks throughout numerous conversations with
1:11.4	both real estate investors who own multi-unit properties or apartment buildings and also
1:16.0	single-family investors that have portfolios of rental properties. And just so you know,
1:21.9	this week's show is a quick one in comparison to our normal Monday session. And I'm really going
1:26.0	to just get straight to the point. Now, this is a topic that we don't need to tiptoe around.
1:30.5	It's really a no-brainer.
1:31.8	And if you're not implementing the strategy we're going to talk about today, then you're
1:35.0	doing yourself and your business a disservice.
	...

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