Why Would a Landlord Want to Work with a Group Home Owner?
This is one of the very first questions you need to ask yourself…even if you have the funds to purchase a home outright or already have one to operate out of.
Why??
Because you need to know the advantages of operating a Group Home compared to operating a rental property.
Also, if you can’t answer this question yourself…
HOW DO YOU EXPECT TO GET A LANDLORD TO WORK WITH YOU!!!???
Put yourself in their shoes….landlords are not all rich. They weren’t given those properties. The rent money you pay them does not just ALL go into their pocket. They spent a ton of time researching how to invest in real estate…just like you’re doing with Group Homes…but they pulled the trigger!
They may have spent THOUSANDS in fixing up a property, they took out a high interest loan to buy it and pay for the construction, they managed the contractors, they marketed the property, sold it, got tenants in their, handled all the maintenance calls, and did the maintenance themselves sometimes…and if it’s a GREAT deal, they are bringing in $200 – $300 per month after all expenses. Again…this is a good deal. But then guess what??
That tenant lost their job, or got sick, or went through a divorce, or needed to move unexpectedly, they skipped town or even worse…they just squatted in the property. Now they have to go through the eviction process that will take anywhere from 30 – 90 days. This takes time, money and energy…all while paying for the home and NOT GETTING PAID.
When they hear you say “Group Home” they imagine this scenario with 10 UNQUALIFIED PEOPLE.
It’s up to you to educate them on why if they partner with you they’ll get guaranteed payments every month, avoid the eviction process, and instead of cash flow a measly couple hundred bucks every “good” month, you’ll cashflow a couple THOUSAND “every” month.
Group Homes, and if you study OUR FREE 10-PART COURSE, more importantly
YOU
Are the solution to the problems that EVERY landlord out there has. They just don’t know it yet.
If someone were to GIVE you a property RIGHT NOW free for 30 days before the rent or mortgage were due do you know the systems to put in place to….
Get guaranteed payments?
Avoid the eviction process?
Get the home set up?
Find organizations that will ring your phone off the hook for referrals?
Manage the tenants properly?
Market properly?
FIND THE TENANTS?????
..in order to have the revenue to pay your first home bill?
If not…
THEN START NOW!!!
