How to increase cash flow

[Evan Brookman]

Hello all, I really have a tough time recently since I just lost my job, the lucky thing is that I still have 2 properties with mortgage. I already rent them out, do you have some ways to increase the cash flow from my properties? Need to continue my life…

[Travis Holmberg]

Hey Evan, sorry to hear about losing your job. With only two properties I would highly recommend you focus your time on finding another job at the moment. I know nothing about you but the fact that you have two properties that are rented out currently, which to me tells me you are already in a better place than 99% of the country.  Keep your head up. Your skills are worthwhile and you'll be OK. 

To increase cash flow you can look to management costs on your current properties. Do you hire out lawn care or property management? If so, that'd be the first things I'd look into.  Remember to treat your tenants the way you'd want to be treated. Be fair, but if you're undercharging them and their leases are coming up look into increasing rent reasonably as well.