Easy ways to increase your rental income

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 95: The top 10 things every investor should check before buying a property
Episode 94: BONUS EPISODE: From 1 to 28 properties – what's his secret?
Episode 93: 28 properties and an $11.5 million portfolio – how this investor did it
Episode 92: BONUS EPISODE: Investor reveals top tips for better property management
Episode 91: Why being 'pedantic' about property will enable this investor to be debt-free by 45
Episode 90: Portfolio update: SPI gives the inside scoop on its latest property purchase
Episode 89: Renovating as a couple: two young investors share their story
Episode 88: Everything you want to know about the short-term rental market revealed
Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
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Easy ways to increase your rental income
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