Sheet 1
Phil Luther
  SYSTEMS
    IF / THEN
  MAKE MONEY
    CREATE SYSTEMS
    GET NEW PRIVATE LENDER
    BUY HOUSES
  1977 got started
    Lives in Austin Tx
    Invests in San Antonio
    biggest problems
      hired 2 accountants
      wasn't keeping up with paperwork
      rentals are taking up alot fo time
      wants to take some times off
      has 6 notes
      selling a couple rentals
      market has gone up
        time to sell rentals and notes
      get back to basics
      get re-organized
        realtors
        accounting
        maintanence
        construction
        Subs
        used to do his own construction
  got hit by recession
  QUOTE
  Work the System = Sam Carpenter
    Ebooks PDF
  STUFF that you've done
    COLLECTING RENTS
      8 rental properties
      gave them notice of past due rents
      collecting rents
      eviction notices
      renters who are misinformed about how to fill out envelopes
      no english
      2 trips to the bank
      trips to actually pick up rents
      meeting with accountants on collecting rents
    NOTES
    REPAIRS
      maintence crews doing repairs
      keep rental properties in good shape
      paperwork to get organized
      sewer lines broken and need fixed
      new gas lines in 3 plexes
    SOLD a house this year
      on note with 5 year balloon
      6 months
    DOESN't have time to go look at houses
      fallen into maintence mode
    Needs part time admin asstant
  SYSTEM CREATION in 3 STEPS
    ISOLATION
    FIXING AND DOCUMENTING
    MAINTAINING / OUTSOURCING
  NEW BOOKKEEPER
    Accounting
    Invoices
    Taxes
    COLLECTING RENTS
      8 rental properties
      gave them notice of past due rents
      collecting rents
      eviction notices
      renters who are misinformed about how to fill out envelopes
      no english
      2 trips to the bank
      trips to actually pick up rents
      meeting with accountants on collecting rents
      STEP 1
        get your bookeper the addresses and the rental agreements for all houses
      STEP 2
        input all the Accts receivable
      STEP 3
        Send out a monthly statements for rents
          Email
            Text
          Physical Mail
        with addresss and phone number
      STEP 4
        what address and to whom should they send the rent to you
          with no exceptions
          exeptiosn create thought
          thought creates mistakes
      STEP 5
        ONE PERSON COLLECTS ALL RENTS
      STEP 6
        ONE PERSON depsoits all rents
        communicates with accoutant about which rents were received and deposited
      STEP 7
        removed the acct reveiable
        accountants process quick books
      STEP 8
        10th of month
          email
          commuication - 10th past due
          goes from accoutnant DIRECTLy to the attorney
          attorney creates 3 day notice
          attorney directly emails 3 day notices to admin girl
        13th of month
          Admin girl posts the 3 day notice on the door
      STEP 9
        Have your admin girl bang the phones and call and collect all past due rents
      STEP 10
        30th of each month -report via email of the past due rents from accounting
    EVICTION
      STEP
        if past due by 10th of month - 3 day notice
      STEP
        after 3 day notice - then file eviction noice
      STEP
        Eviction Notice to court date is 14 dasy
      STEP
        from court date is another 2 weeks to eviction
      STEP
        5 DAYS after eviction to throw out on curb
      STEP
        maintence girl paints and clean it up
      STEP
        marketed and re-rented
  after 3 days attorney creates a eviction notice
  admin girls posts eviction notice / SERVES THEM