Maximizing Cash Flow

[Racheal Stoyk]

Lets share some thoughts and ideas to maximize cash flow! Looking for suggestions of all kinds. What are you doing to squeeze the most profit possible with your rental properties? What are you doing to keep your expenses to a minimum while still maintaining your investment? 

[Robert P.]

coin-op washer/dryer to pay for water usage (landlords in my city have to pay for water/sewage).

quarterly inspections to limit problems from getting worse (if tenant does not call to report issues)

straight up asking for higher rents up front. I always say, you can't get something you don't ask for!

keeping tenants happy, but making sure they understand it's still a business. Maybe incentive for paying on time, yearly apartment upgrades that will benefit both home and tenant experience (which keep turnover rates low)

just a few thoughts!