How do you increase the revenue of your rental property?
Well, you could raise the rent... that's pretty obvious though. In this episode, Dan dives into 10 ways to increase the revenue of your property.
This is a really important question that every operator has to ask themselves. Because you're not only increasing your cash flow, you're actually increasing the value of your property.
It's a win-win situation.
Another area people tend to overlook, is cutting expenses. Sometimes the dollar you were looking to make... is actually a dollar you can save.
So, what are 10+ ways to increase the revenue of your property?
00:00 - 00:24 Intro 00:25 - 00:30 Market Rates 00:31 - 01:08 Short Term Rent 01:09 - 01:47 RUB's 01:48 - 02:17 Late Fees 02:18 - 03:03 Storage 03:04 - 03:35 Parking 03:36 - 04:05 Application Fees 04:06 - 04:50 Pet Fees 04:51 - 05:17 Coin Laundry 05:18 - 05:47 Service Fees 05:47 - 08:34 A Dollar Saved
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Hey! We’re Dan Krueger and Anthony Vicino and we are apartment syndicators investing in Minneapolis, MN with a passion for real estate (particularly multifamily), financial education, and personal development.
Wait...what’s an apartment syndication? Click here to learn more: https://bit.ly/37R6VEG
We’re on a mission to help as many people as possible achieve financial freedom through the awesome investment vehicle that is… MULTIFAMILY!
Are you tired of riding the stock market roller coaster, working a corporate job you hatem, or worrying about retirement?
Good news is, there’s a better way.
Multifamily Real Estate Investing!
Bad news is, when you’re first starting out, it can seem pretty complicated.
Complexity leads to overwhelm, and when you’re overwhelmed, you don’t take action.
Well, we can help with that, because after years in the business, we’ve learned that real estate investing is actually pretty simple.