The other day we got an email from one of our Gold Course students who did NOT enroll in our One on One Coaching program (closed for now, but ask us about our future, more affordable option for this!).

The message that we received was frightening and could be dangerous to her bank account, property, and ultimately could cost her the whole Group Home business.

Her message:

“I am a member of the Gold Course and have a question. I have had several clients to come to live at my home free until they get their check for the next month. When it get close to them getting paid, they take off without haven’t paying anything. Is there a way that I can set up a system like maybe a “card reader” so that when they give me their bank card I can swipe it and when their money hit the bank I can get paid, even if they have ran off? Do you have other methods in which I may can get paid in the event that although they move in they won’t have any money until the next month? Please advise.”

We’re always asking for suggestions for improvement, and one that is a struggle for us is that the Gold Course almost has too much information.

At the end of the day, we decided to keep everything in there just because everyone is in a different step of the process and we want to cover everything.

For example, if you don’t have your first couple homes running, you don’t need to read our Business Plan that Andy used to acquire millions of capital from a local credit union.

If you already believe you’re going to be successful, you don’t need to read about our favorite mindset exercises.

That being said, don’t knock this person for missing one of the many “how-to” guides covering this very key topic that will make or break what you see in your bank account at the end of the month.

Quite simply….

DO NOT RELY ON YOUR TENANTS TO PAY YOU

IN GENERAL

We’re offering housing to tenants that are not qualified for traditional housing.

*They do not have good credit.

*They do not have a good history of paying bills on time.

*Their rental history isn’t good and verifiable.

*They do not have a full time job making 3x the rent amount.

So again, DO NOT RELY ON YOUR TENANTS TO PAY YOU!!!!

Sign up for the FREE 10-PART COURSE and to get a

GUARANTEED CHECK

Not from your tenants. But from this guy:

Honestly, this student is lucky that the tenants ran off.
If not she would have either had a squatter on her hand or someone she needed to “evict” if she did not use the recommend tenant agreement from the course.
We commend our student for getting her website developed, implementing some of our marketing techniques to get her 1st residents, and no doubt with some minor tweaks to her business she will soon be on her own path to Group Home Riches!

Want to know some more techniques to help you locate the Government cheddar in your area??? Sign up for our FREE 10-PART COURSE today!

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