The biggest crime in small businesses today goes unnoticed by most outsiders. It is not reported in the media. There isn't any police reports filed and corporations do not even mention it on their websites. Suppliers talk about it all the time and employees often overlook it. Even though this crime is rampant among small businesses, it's presence is so subtle several business owners fail to recognize when it is location! Unfortunately, this crime is the same one that is most likely to kill a small business. It is far from stealing by employees, burglaries, trivial lawsuits, or industrial espionage.
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When may have formerly guessed, both these things happened to me, as soon as i had amassed 26 rental properties. In fact, oftentimes, all individuals problems happened in identical month. Now, for awhile (when I had about 10 houses), 1 person did not pay rent, I could cover it with the nine other payments. Receive two, three and sometimes even five tenants didn't pay in gonna do it . month, features devastating to my business. I had to go to my business account and pay up to $3,000 in the time in mortgage payments, with no income to cover it. Plus, I needed to pay a house management company to get my tenants to pay or to evict people today.
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