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Landlord Focus Group-July – Rent Collection with Landlord Attorney Ernie Garcia
July 26, 2022 @ 6:00 pm – 8:00 pm
Collecting Rent? Do you have a target on your back? Are you really setting yourself up for Success, or disaster?
Do you have a target on your back? If you are collecting rent, especially in cash, you just might. We all have heard the saying…”Cash is King”…..well, that may not be so true. Especially when collecting rent.
If you don’t know what the law & property code says about rent payments (again, especially cash), you can be setting yourself up for disaster!
There are several reasons why you should not collect cash as payment for rent.
- Logistical issues
- Temptation to spend
- Going to the bank over and over and over again.
- If tenants are depositing their rent into your account (cash)…how do you know who deposited which amount?
- Do you have a ledger?
This is just one of the topics Landlord Attorney Ernie Garcia will be talking about at the next Greater Houston REIA Landlord Focus Group Meeting.
- The IMPORTANCE of a ledger
- What systems you should be using to collect your rent
- Best ways to track your rent collections
- Eliminating the risk
- Tenant Management software – What’s out there and why you should consider digitilizing your rent collection.
Ernie will also be discussing Enforcing the 7-day rule.
When your tenant violates the lease, what do you do to get that corrected? Are you using the 7-day rule? Knowing what the 7 day rule is and how to effectively use it is imperative to your success as a landlord
In this Focus Group, we center our discussion about how to run, manage, and scale your rental properties.
We will answer questions like:
- What saves you time?
- What is a sinkhole for money?
- How do you screen tenants correctly?
- What systems do you need in place?
- Who should you have on your team?
If you’re a wholesaler, flipper, or brand new investor, then this meeting is for you as well. You can sell your deals, ask for others’ thoughts on the best ROI for your money, and you can learn the ins and out’s of renting out a property or two.
If you are a new investor, or a seasoned one, and plan to make it in real estate for the long term, and build Massive Passive Wealth, this is one of the cornerstones of your real estate business you should become familiar with. This focus group is an opportunity to network with other investors and share experiences and advice.
Let’s network, socialize, and learn how to make money together!
Bring your deals! You never know who will be there to buy and sell!
As a group, we have many very experienced investors that will brainstorm and make the best out of all situations. Don’t be surprised if, at any given time, we have several hundred years of experience in the room. Many of us are out there every day, proving this stuff really works.
If you come, don’t just be a taker. We find those who get the most out of our group are givers too. So bring your problems and questions. The more we grow, the more you grow!
See you there!
Demeris BBQ (Map below)
1702 W Loop N Fwy Ste A
Houston, TX 77008
July 26, 2022
6:00 PM – 8:30 PM
$20.00 (Wait! Free for now!)
Click HERE or on the image below to join the Greater Houston REIA!
- Needs & Wants
- Main Topic
- Q & A