Bert05GPW

Step 6 - Find a homeless person.

This isn't very hard in today's economy. You can lots of them hanging around downtown Santa Ana at the Court House picking up a free meal from the Catholic Women's League or whatever they call themselves. Get in line and make a friend. Here's how.

"Yo Buddy, what's up? Hungry I bet. How'd you like to make a few hundred bucks working for my company? No, you aint gotta blow me. I just need a CEO to run things. Say couple hundred a week under the table. I'll pay to get you cleaned up, haircut, some food, and a place to stay. You just need to be available when I call you on this cell phone. First order of business -- YOU MUST HAVE A DRIVER'S LICENSE or some other form of identification. Great. You're the CEO of my new company that I formed on the Internet last night. Now, let's go to the bank and open an account for the business with you as the only signer. BTW, I'll be holding the checkbook. That's another thing, we gotta get a PO Box. You'll be picking up things here at least once a week or whenever I call you. Got it? Great. Let's go?

Nicotunes

Don't encourage him

He is just demonstrating how easy it is to scam people and get them to follow.....

Bert05GPW

Step 6 is pretty involved -- let's review:

Never use your own name. That's why you got the bum off the street, understand?

Let the bum have control of your company and put a small amount of money in the checking account. Worst case he rips you off for a few hundred which isn't likely because you're paying him more than that to be your CEO.

Now, your new CEO and fly-by-night company can rent your property.

Also, get a throwaway cellphone AKA a burner. Get two at Walmart and pay cash. One for the bum, er, I mean CEO, and one for you to respond to calls from potential renters.

Got it? Good.

Bert05GPW

Any questions yet? Raise your hand if you have a question.

No Mames

Bert05GPW

A few things you need to be aware of...

*Get a scanned copy of your CEO's signature. This will go on all paperwork that doesn't need to be notarized like lease agreements, letters to tenants, etc.
*Let the bum go to the PO Box -- you never go there because they have cameras.
*Fire your bum/CEO periodically and get a new one.

Mr Dave

How do you have the authority to fire the CEO if you're not listed on the Corp Paperwork? You said never list your own name...

Bert05GPW

Step 7 -- Collecting the rent.

Checks will be made out your, er, I mean, Bum's company. You'll have to write out checks to petty cash and send the Bum to the bank to cash them. Yes, you'll have to pick him up, get him sobered up, buy him lunch after he cashes the check for money you're collecting in advance rent, monthlys, etc.

Bert05GPW

Oofa. Are you sure you qualified to be in my class? Come on, can anyone else help him?

Bert05GPW

Damn, it appears I got the remedial students...

YOU FORM ANOTHER COMPANY WITH A DIFFERENT BUM AFTER YOU'VE DRAINED THE 1ST COMPANY ACCOUNT.

*You'll need to send letters to your tenants asking them to make checks payable to the new company.