How to MAXIMIZE Rental Property Income

Below are some variables for maximizing your rental property income. PLEASE avoid buying properties randomly or based blindly on some ratio or formula in a spreadsheet. Every property must fit within your short term or long term investment goals.

If you do not have a plan or goals any property will look good!

Rental Property Profit Variables

1. Cash/Rental Value (based on condition/location/size)

2. Payment (based on term/rate/loan type)

3. Taxes (based on location/value from county/city)- look for ETJ's

4. Insurance (based on type/coverages/deductibles)-

5. HOA cost or no?

6. Gross Rents (based on negotiated amt) offer reduced rents for long term leases to avoid turnover/make ready costs

7. Lease Terms (based on negotiated amount)- go long!

See attached for an example of a targeted rental vs a random rental that appears to be a good deal.