Increase your rental yield for just $30
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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 104: New podcast: Q&A session with Paul Glossop – more questions answered!
Episode 103: Special Episode: Phil and Munzurul talk steering the growth and development of portfolios by managing cash flow
Episode 102: Investor reveals how to find the perfect property manager
Episode 101: From 12 to 100 properties – how this investor will achieve his goals
Episode 100: Property investor talks research, teamwork and balance in his portfolio
Episode 99: Portfolio update: SPI opens its books to reveal all the nitty-gritty details
Episode 98: Buyer's agent forecasts what’s to come for Aussie property market
Episode 97: ‘How we achieved financial security through property’ – the Property Twins reveal all
Episode 96: Tips for tackling pest and building inspections head-on
Episode 95: The top 10 things every investor should check before buying a property
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Highest annual price growth - click a suburb below to view full profile data:
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BERKELEY VALE 46.03%
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EDGECLIFF 45.06%
3.
PAMBULA 43%
4.
EAST LISMORE 41.38%
5.
SOLDIERS POINT 37.89%
Increase your rental yield for just $30
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