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Updated over 6 years ago on . Most recent reply

User Stats

1,055
Posts
730
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Kenny Dahill
  • Investor
  • Tempe, AZ
730
Votes |
1,055
Posts

Additional Goods: Increase Income

Kenny Dahill
  • Investor
  • Tempe, AZ
Posted

Open discussion about creative ways to generate additional income on top of rent for your properties.

Has anybody offered a technology package?  It could consist of a Roomba and (2) Alexa speakers, as an additional source of income?  Assuming a budget of $500 to purchase the three devices, you could create a separate lease agreement of $25 per month for these.  It'd generate $300/year, making your money back within 2-years.  And it's protected by the security deposit as well.

One of my properties is near a large university.  We have a pool table which really helps sell the place to college guys.  We include it in the house but we could offer it as an add-on.

Truth is you could lease a lot of different add-on's: BBQ, pool table, TV's, etc.

Has anybody had any luck with this approach?

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