Reducing Monthly Expenses

Here are some of the most profitable moves you can make to trim expenses.

1. Install a faucet aerator -   Aerated Stream 1.5 gpm -WaterSense [affiliate] This device takes 1 minute to install, costs less than $4, and can easily save $100 in water and water heating expenses.  That’s a 150% ROI!!! Need I say more?

2. Challenge your property taxes - Nice article by Ken Corsini discusses why it’s profitable to appeal your property taxes.

3. Trim your insurance premiums -  There is a lot you can do to reduce landlord insurance premiums. Don’t accept them as fixed expenses.

4. Install an on-site key box [affiliate] to assist locked out tenants - When a tenant gets locked out, I simply tell them the code and they let themselves in – putting the key back afterwards. I then change the code after every use. This tip has saved me hours hassle.