Are you still operating in a standard landlord manner? It’s okay — long as you’re aware that it’s the least profitable way to generate rental income.
You might be surprised that you can easily double your net rental income by moving away from the typical landlord model. You don’t have to raise rent or buy more rentals in increase your income.
A better approach might be to focus on repositioning what you already own.
In this post I wrote for REtipster, I break out five different business plans for a 3 bd 2 ba rental home. I go on to compare the various levels of profitability.
Click HERE to check it out. You don’t want to miss this one.
You can find more ways to tap compartments of potential income by picking up the book at Amazon.
Thanks again for putting together such an awesome article for the REtipster Blog Al. You’ve got a great mind for these kinds of investing strategies and I look forward to hearing more of your insights in the days ahead!
Great post! I always forget to think outside the box with rentals 🙂 I’ll need to check out the 40 ways book, haven’t heard of that one yet!