Making Property Profitable

[Taylor I.]

Hi everyone, new to BG! I recently bought a property to house hack and and to be closer to my work. However, after the closing, my monthly expenses ended up being higher than I originally anticipated (this was before I discovered BG) and the property currently does not cash flow. I plan to refinance once the rates go down so that should help but in the meantime, what do people recommend for increasing the cash flow? Between my roommates and me, we all pay around the same amount per month. Not awful but definitely not what one would consider a good deal. And I believe my roommates plan to renew their lease next year so I thought about potentially raising the rent by a couple of %. My only concern with this is that if I raise it too much, it'll spook my tenants and they'll look elsewhere given there are pretty competitive rates for other houses and apartments in the area. I'm also considering charging a monthly fee per car for the use of the garage (it's a two car garage). I'm not sure what else I could do so any helpful tips or insight would be much appreciated!