Generate More Monthly Cash Flow???

[Account Closed]

At this point my wife and I are just throwing ideas out there, and then researching them down their respective rabbit holes. We're trying to think of ways we can generate more monthly cash by offering "services" to our tenants. (No, not like that). When my wife and I were newly dating, I moved from Texas to Georgia, and she moved down from Tennessee. She had the credit score, but was MAXED to the gills. I had the great job, but had a credit score of "get out of my office." We had plenty of cash, when finding our first apartment we found that cash didn't make things any better for us. All of the snooty apartment complexes we looked into were so corporate there was no wiggle room for cash.

The first item, of course is Pets. A deposit up front, and a monthly charge per animal. I did another post on that subject (and smoking) so if you wanna holler at me about it, go over there. :P 

I can get a Washer and Dryer that isn't terrible for 300 bucks on Craigslist, and rent it to the tenant for $25.00 a month.

My son can mow their lawn for $25.00 month, since we already have the mowers, and I can deduct them!!!!!

Then came the idea of cleaning services...I promised my wife I would write that one in here, though I think she over estimates the quality of renter we will get.

Furniture rental, I don't know, maybe like a kitchen table or something.

Does anyone else do this sort of thing? What are some other ways? I know lots of renters who have the cash, but don't have the credit, even to the point of utilities. Probably a slippery slope with that last one.

Anyway, proceed with knowledge sharing.

Thanks,

DK