Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 2 years ago,
Creative Multifamily Strategies for Other Income
What are some creative ways to get Additional Other Income from a high end multi family building? I may be running an 80+ unit in the near future.
Laundry is included in each unit. Ways that we already implement are storage, parking, certain fees, etc.
I was thinking of possibly offering a unit cleaning service for interested tenants as a way to create additional income and cover the cost of common space cleaning. Vending machines and dry cleaning are other thoughts that came to mind.
Does anyone have recommendations?
Thanks,