Increase your rental yield for just $30

By Staff Reporter
Brendan Kelly

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 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
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
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