Creative ways to maximize return

[Joe Ort]

I have a rental that is worth 80k, loan is around 57k, renting for 950/mo. Recently rehabbed so pretty low expectations of repairs in the near future.

What ideas/methods would you use to maximize the return? It's ~12% cash on cash but curious what the Brain trust can come up with to juice it up.

Thanks in advance.

Joe

[Richard McLain]

@Joe Ort, The very best & smartest thing you can do is to be nice to your tenant in a professional way so that your tenant will stay I your property at the end of the first year. Maybe you can negotiate a modest rent increase, but unless your taxes & insurance go up then you really don’t need to raise the rent. Make your tenant feel special. Fix the small stuff. Go out of your way to make it a good experience for your tenant. Then get them to stay 3 years, then 5 years, then 10 years. All this to say that HIGH OCCUPANCY at the end of the day is BY FAR the most important factor in this business. Most of the other “financial engineering” is bunk. That’s the long answer. The short answer is that it’s not about YOU. It’s about the TENANT.