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Updated over 2 years ago on . Most recent reply
Creative Ways To Increase Cash Flow
What are some creative ways to increase cash flow?
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
Raise the rent. You could force appreciation by doing improvements to the property to make it more desirable for someone to pay more rent.
You could allow pets, if your not, and charge pet rent. If a tenant wants an improvement, ask if they would be willing to pay a little extra for it.
Refi the property to get your payment down.