Non Obvious Ideas to Increase Rental Income

 

Here are some tactics that will help you earn an extra $100 each month without raising rents or reducing expenses. Enjoy the Book, the Matrix, and the Articles

THE BOOK

40 Ways to Increase the Net Income of Your Rental Property is a great reference tool to help you find income opportunities that you’re overlooking. It presents ideas grouped into 12 categories and is sure to stretch your imagination. The book, which is a money-making investment in it’s own right, is available at Amazon.com.

40way-cover art Blog version
 
 
Learn how to:
 
1 – Spot unrefined income opportunities within properties.
 
2 – Spark new ideas by being able to see a rental from 12 different perspectives
 
3 – Squeeze out more of the income potential from your existing rental
 
 

THE MATRIX

Ideas to Increase Rental Income
Active Landlord/Agent Passive Landlord
Passive Tenants / Profits Independent of Tenant
  1. Green house/plant nursery
  2. Use webcam to video high crime area and use feed to provide tips that lead to cash awards
  3. Rent out driveway/parking stall for special events/limited hour use
  4. Double booking corporate housing
  5. Erect an inexpensive garage and rent it out
  6. Convert unit(s) into a hotel room(s)
  7. Build referal list and collect referal fees from other landlords
  8. Rent out unused or created parking space.

2nd Best Ideas

  1. Antenna transmission-related biz
  2. Rent Wi-Fi
  3. Rent parking or Garage Storage to local biz/client
  4. Create an all-inclusive corporate housing/specialty unit
  5. Sell ad space/billboard / ground lease
  6. Create a mini RV park
  7. Barter apartment use for item(s) of greater value
  8. Manage Group Services
  9. Rent rooms to high functioning handicapped people on government assistance
  10. Sell newletter-wi-fi to neighbors

Preferred Ideas

Active Tenants / Profits Dependent on Tenants
  1. Aluminum recycling /CRV
  2. Waste heat capture/reuse
  3. Convert property to transitional ex-offenders
  4. Convert property to alternative housing for handicap or veterans
  5. Convert property into a youth hostel
  6. Create Groupon-like savings and collect a portion of receipts as a fee
  7. Collect commissions and rewards for facilitating co-op purchases

Good Ideas Category

  1. Internet shopping
  2. Catalog shopping/marketing
  3. Grocery delivery
  4. Specialized vending machine
  5. Rent tenants amenities (TV/furniture/washer-dryer/upgrades)
  6. Include subletting and early termination fees in your lease agreement. Take sting out of vacancies.
  7. Instead of charging a pet deposit, charge $10 to $20 per month as a fee.

Better Ideas Category

 

THE ARTICLES

Landlord Vs. Income Stream Manager: Which Title Inspires Larger Profits

Shifting Paradigms To Improve Net Operating Income

Veterans Housing The Nick Sidoti Way

How Landlords Can Easily Tap The Hotel Market

Why The Landlord Job Description Limits Income Opportunities And What To Do About It

Grow Rental Income Streams With Groupon-Like Thinking

Increasing Profits With Sub-Niche Housing – The Dr. Cash Flow Approach

How Landlords Can Make Extra Money With Cell Phone Antenna Leases

How To Collect Twice The Rent From Your Rental Property

Convert Rental Into A Youth Hostel – $100 Idea Challenge

Landlords Can Profit By Providing Discounted Services

3 Savvy Ideas To Increase Rental Property Income

Rent Billboard Space – Ground Lease For Additional Income

The $100 Challenge: Filling Idea Buckets To Help Landlords Create New Income Streams

The $100 Challenge: Additional Idea Buckets Help Focus Our Thinking

Introducing Cashflow Business Ideas For Landlords

6 Reasons Multifamily Landlords Should Offer Wi-Fi – New Income Stream