podcast

How to earn more money from your investment property without raising the rent

By Staff Reporter
0

Helen Collier-Kogtevs, director, Real Wealth Australia

{{youtube id="p4a-q69JtU4"}}

When it comes to creating positive cash flow, well you know what? A great strategy is student accommodation. Now I don't mean specifically built, tailor made student accommodation, I'm talking about a house near a university where you can rent out each room to students specifically. So four bedrooms, four students, four lots of rent. But here's the exciting part. What you could do is actually add a vending machine into that property. Obviously you'd provide internet because students need it for their studies but that vending machine? Well I now investors that make more money out of that vending machine than they do the rent because what don't students like doing? Cooking. So if you're looking for some smart and out of the box ways to to create cash flow, have a look at houses around universities where you can put students in, put in some broadband or some internet, maybe throw in a cleaner to make sure that your property is well maintained and a vending machine and watch the cash flow.

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
promoted stories

Top Suburbs

Highest annual price growth - click a suburb below to view full profile data:
1.
FAIRLIGHT 46.02%
2.
CASUARINA 44.36%
3.
THE ENTRANCE NORTH 41.09%
4.
ULTIMO 40.67%
5.
LAVENDER BAY 40.2%