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

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…