podcast

Easy ways to increase your rental income

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Brendan Kelly, RESULTS Mentoring 

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An example of how you might be able to increase rent if there's no air conditioning in the property, let's say. Then you might want to invite the tenant to see if they want air conditioning. If they do then you can say "Great, I'll give you air conditioning", and you do so at a certain price increase in rent. So for example, if it costs you $10 a week for two years to pay for the air conditioner you can charge then tenant $15 a week for that two year period. And then sign a two year lease agreement so that there is a pay back period for that person to enjoy it. Therefore you've increased the occupancy rate on a per a mum basis and you've increased your rent.

Listen to other instalments of The Smart Property Investment Show:
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
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