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

By Staff Reporter

Helen Collier-Kogtevs, director, Real Wealth Australia

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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 114: Why property is ‘literally’ this investor’s life
Episode 113: Portfolio update: Why we bought five properties in one go
Episode 112: How this ex-banker supercharged her portfolio with knowledge from the inside track
Episode 111: The tips this ex-camera man uses to snap up properties
Episode 110: Top 5 questions to ask your accountant
Episode 109: From selling 10-cent golf balls to a $1.8m portfolio
Episode 108: Dealing with scar tissue from bad investments
Episode 107: How property styling can boost your portfolio’s worth
Episode 106: How ice addicts potentially ruined an investment
Episode 105: New podcast: Investor reveals the opportunities for migrants in Australia
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How to earn more money from your investment property without raising the rent
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