Author Archives: Al Williamson
Breakup Sub Niches for Big Time Savings
In our last post, we discussed sub niches and how Nick Sidoti used this tactic to rent his single family rentals for up to 3 times market rates. Since then, I have started thinking about what my approach would be … Continue reading
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Increasing Profits with Sub-Niche Housing
I tuned into the REIClub’s webinar where they featured Dr. Cash Flow, Nick Sidoti. Nick advocates renting rooms to high-functioning handicapped people on government assistance. He claims this private co-housing approach is cheaper and more efficient than what the government can do, … Continue reading
Posted in Defining Ideas, New Income Streams
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How Landlords Can Make Extra Money with Cell Phone Antenna Leases
It took an epileptic seizure to help Robert Lett discover this income-boosting idea. Okay, well…. it was his tenant’s seizure, not Robert’s, but the event did shake him up. Robert wasn’t able to connect with 911 from his rental. This … Continue reading
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How to Collect Twice the Rent from Your Rental Property
Robert Lett in Cheyenne, Wyoming, emailed in a great idea for our $100 Idea Challenge! He recommended setting up an apartment to provide corporate housing. The terms need to be that a company pays rent even if the unit is vacant. … Continue reading
Posted in Call to Action, New Income Streams
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Payday Loan Inspiration – $100 Idea Challenge
I saw a news blurb that the Utah Apartment Owners Association was partnering with a payday loan company so its members could refer their cash-strapped tenants to them. I originally thought the landlords might receive a referral fee, so I investigated. A representative … Continue reading
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Convert Rental into a Youth Hostel – $100 Idea Challenge
I ran into my friend Tom at the local coffee shop. He is a new retiree so I was interested to hear what he has been up to. Among other things, Tom mentioned he was considering converting his two neighboring … Continue reading
Posted in Ideas to Boost Equity, New Income Streams
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Landlords Can Profit by Providing Discounted Services
REI Club’s Camille Baptiste contributed to our $100 Idea Challenge. She noticed the neighbors around her rental weren’t maintaining their lawns. She said that with very little effort, she was able to persuade them to pay her for landscaping services. Then she negotiated … Continue reading
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Savvy Ideas to Increase Rental Property Income
I was inspired by Regina Dugan’s TED2012 talk where she illustrated that the path to innovation always contains failure. She went on to recount the many failed attempts that eventually led to the Wright Brothers’ 1903 Kitty Hawk flight. This was … Continue reading
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How to Get Craigslist Prospects to Short List Your Rental
While at Home Depot, two men approached me and offered their mobile dent removal services. My wife’s car had several dents and scratches, but I was skeptical. I didn’t know if these guys were legitimate. They asked if I would allow them … Continue reading
Posted in Defining Ideas, Ideas to Boost Equity
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Rent Billboard Space – Ground Lease for Additional Income
While staying at a San Francisco hotel, I noticed they used a little billboard to hide their utility panel. Pretty clever trick – reducing blight AND generating income. I decided to dive deeper into this idea. After all, renting billboard space is … Continue reading
Posted in New Income Streams
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