You can’t have enough good tips on getting the most out of rental properties, the HEART of passive income wealth! Andrew does a great job in this information.
Corey @ iWealth
Doing so encompasses all factors of property management. Leasing faster and to higher quality tenants will increase your return. Renting for a higher price and increasing the rent upon renewal will as well. And so will preventing maintenance problems before they come up, as well as increasing tenant retention.
But how do we achieve all of these ends?
1. Improve the Appearance of the Front of the Property
It’s often noted that people make up their minds about you in seven seconds. In other words, you don’t have long to make a first impression. Neither does your rental.
As I noted in my last article, simple aesthetic improvements such as window shutters, painting the front door, mowing the lawn, hedging any bushes or trees, replacing the mailbox or address numbers and the like can be hugely important.
Here’s an example from that article of the same house with and without those aesthetic improvements:…
Check out the full article here: https://www.biggerpockets.com/renewsblog/13-ways-increase-rent-add-rental-property/