Charge Extra For Appliances

[Kyle Meyers]

I have been providing appliances for my units and including them in the rent. I have been considering charging extra for appliances in the future, so I could offer my units at a lower price if the tenants did not need appliances, but make some extra if they do.

What appliances to you include with your rentals? Do you charge extra for any appliances? How much is reasonable to charge monthly for appliances?

[Rob Gillespie]

Kyle,
One trick I do from time to time is to buy new or like new appliances for the tenants. I will then charge extra for 12 months, if they pay on time for 12 months, they can take the appliances with them when they move.

This will do two things, first it will motivate them to pay on time. Next, it is a profit center for you. If you have lets say 1k to buy a stove and fridge, break it down so it works out to 2k in a year.

This is a far better value than rent a center!!