Ways to increase revenue from rentals

[Tim Smith]

Hello. I am looking for ideas to bring in more cash from my rental properties. Have any of you had any success at offering services that your tenants want or charging fees for anything aside from the typical late fee or making new keys, etc...?

Thanks.

Tim

[Rob Gillespie]

Tim,
I would suggest adding value to get more money, not nickel and dining them to death. One thing I used to do is buy new appliances and charge them an extra 150 per month, but if they paid on time for an entire year, they could take them with them when they left. I would make money on the sale plus it got them to pay on time.
I got tired of watching the tenants all run to rent a center!

Good luck!