I hate to break it to you, but if it’s a traditional landlord/tenant situation you can’t.
I got my start in the Real Estate business through a property management company. They had 15 buildings and building #8 was way newer and nicer than all the other ones.
Why? Because a tenant created a meth lab in their apartment and the old building #8 burned to the ground.
You may have noticed that you haven’t been receiving a lot of emails from Andy lately.
He’s been dealing with a very stressful eviction and lawsuit from a certain rental tenant.
This traditional, qualified rental tenant created a meth lab in Andy’s property (it’s a common thing in central Texas apparently) resulting in the SWAT team busting down the door and arresting her.
Due to the fact that cooking meth is a violation of Andy’s lease, the damages, and the missing payments due to being in jail, this tenant was evicted with her deposit held.
Said tenant is now suing Andy for thousands of dollars because he held her deposit.
So how could this have been prevented with the traditional “leasing” arrangement??
IT COULDN’T
The truth is that once someone qualifies for a traditional lease and moves into the property, they can pretty much do whatever they want with the property!
Now despite the stories you just heard, “Meth Cooking” is not a typical issue. More commonly though, you could have squatters, smokers, unauthorized tenants, unauthorized pets, unreported maintenance issues, and the most common reason for an eviction – non-paying tenants.
You may have noticed that we don’t have as many nightmare stories about Group Homes.
Besides generating way more dough & getting guaranteed checks from Uncle Sam, one of the biggest advantages of Group Homes compared to Rental properties is that
YOU HAVE WAY MORE CONTROL OVER YOUR PROPERTY
A traditional, qualified tenant would never sign a “License Agreement” (included with OUR 10-PART COURSE) granting the owner the right to kick them out whenever a house rule is broken. Not “Evict”. KICK OUT. Think Hotels
You can’t require them to go through a Financial Management company in order to guarantee payment to you.
You can’t just pop into a traditional rental whenever you want to make sure the tenant isn’t smoking cigarettes, breeding pit bulls, or of course….cooking meth.
Plus, you definitely can’t have someone on your team living in the spare bedroom ready to tattle tale on anyone violating your lease agreement.
You can do all of this and more with GROUP HOMES!
This is why even though some of the tenants might actually have a history of cooking meth, we don’t have any stories like this about the Group Homes!
Want to know another great part??
Group Homes were a way for Andy to generate enough “dusty cash” in the bank.
Rentals are a great way to get a better ROI than collecting dust in the bank. But do you have that problem yet?
No?? Then another reason to start! You don’t need to have this problem of “too much cash”. In fact, you don’t need any really. You can lease a property like Duane or find one of these stressed out landlords to partner with like Jasmine did.
You could quite literally go from homeless to successful “Group Home Owner” in the matter of 1 year! What other industry can you do this in??
We recorded a podcast with Jasmine recently so make sure to subscribe on iTunes, Spotify, Stitcher…wherever you can listen. She was very humble in her above post and you are not going to want to miss out of the full story soon.
She filled her first home soon after this landlord-partner prepared the property for her. After Jasmine pitched her idea (our FREE 10-PART COURSE BUSINESS MODEL) he followed up with her a few days later!
She had been volunteering, networking, and building relationships with organizations. She built herself a website, (CLICK HERE for our option) and started marketing to her network.
Once the property was open she filled it in a heartbeat!
The landlord was so impressed that he’s converting another one of his properties AS WE SPEAK!
You could be doing the same thing!