Posts Tagged ‘install security doors’

Some perfectly legal ways to maximize your rental profits

Monday, September 10th, 2012

Most terrifyingly bad movie ever?

In the fixer upper and rental house business there are many perfectly legal ways to maximize your rental profits, which don’t require drawing a gun or subtly displaying the threatening DVD cover of The Clan of the Cave Bear.

Keeping tenants satisfied = more $ for your

Putting the comfort of your tenants first can result in you making more money. Three things happen when you increase the value (or usefulness) of a property:

1.) You attract more and better tenants;

2.) Tenants stay longer; and,

3.) You make more money.

 

Things to do make a property more valuable

Catzilla makes tenants complete

1.) Provide a clothes washer and dryer;

2.) Have a refrigerator;

3.) Add a carport to protect tenant cars from the sun;

4.) Install security doors;

5.) Put a storage shed in the back yard;

6.) Allow pets. Many people consider their pet a member of their family, and in some cases, make their decision on which home to rent based on the likely comfort of their pet.

Maybe pet owners cross the line when they refer to themselves as “mommy” and “daddy,” and maybe pets cross the line when they start marking their territory before you even get a chance to go through the checklist.

But in general, allowing pets is a win-win situation.

These types of things increase the value of a property for tenants, and may set our property apart from other rental properties. They also allow us to charge a higher monthly rent.

The more satisfied a tenant is, the more they are willing to pay a little extra rent.

 Related Posts

Remove that Garbarge Disposal Now!

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

How I Evicted A Problem Tenant in 4 Steps

When to Hire a House Inspector – Radio Interview with Rich Peterson

Getting Rid of Bad Tenants

“Turn your home into a rental” on Mark Wayne Show

7 Reasons to Live in a Fixer-Upper House While You Repair It

6 Steps to Roof Maintenance (for the Home that will Turn Into a Rental House)

Our First Rental House Plunge

10 Most Frequent Problems Found by House Inspectors

5 Steps to Get Your House Ready to Rent by Terry Sprouse

5 Steps to take if your house is flooded

Add “Start a Rental House Business” to Your Bucket List

The 5 Rules on How to Lose Money and Get Your Rental Property Trashed by Tenants

Window Repair with #2 Son

Required Roof Maintenance for Fixer Upper Houses

Learn to Repair Your Fixer Upper Houses

How I Got Started In Fixer-Upper Houses

How to learn to operate a fixer upper house business

The Peaceful Warrior and Fixer-Upper Houses

Coming Soon!

How to Turn Your Home into a Rental House, Instead of Selling It