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Increase your rental yield for just $30

By Staff Reporter
Brendan Kelly
0

Brendan Kelly, Director, RESULTS Mentoring

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Another example of how you might be able to increase your rental income and provide more certainty in your annual income is to maybe offer a lawn mowing service. Most tenants don't like gardening and let their gardens grow. If you say hire Jim's mowing firm on $30 per mow once every 3 weeks that means it's about $10 a week for mowing. If you charge the tenant$15 a week for the ability to have their gardens maintained then they'll be more inspired to stay there because their life is more convenient but you get an increased rent net effect of $5 a week.

Listen to other instalments of The Smart Property Investment Show:
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
Episode 50: 8 properties by 25: Former housing commission kid reveals how he changed his life and created wealth
Episode 49: How to build a sophisticated multi-property portfolio
Episode 48: ‘From just $2,000 in my pocket to 6 properties’
Episode 47: The SPI Show answers more listener questions: Special episode
Episode 46: 4 properties by 24 – how to build a portfolio without sacrificing fun, travel or food
Episode 45: Special guest Mark Bouris on what really makes property prices rise and when to invest
Episode 44: ‘11 properties by 31, now I’m stuck: What’s next?’
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