How to Generate More Revenue from Your Rental Property
There’s no doubt that owning rental properties in Portland Oregon, or elsewhere in the United States is an excellent way to generate cash flow every month while building wealth but how can you generate more revenue from your rental properties?
In this article, we will answer this question by offering you several pro tips you can use to earn more money from your rental properties.
Tip #1 – Offer More Storage
Renters are typically people who are in transition from one property to another and they need lots of storage.
How can you offer renters more storage? Start by optimizing the storage spaces in your rental property by adding more shelving and organization solutions that they can use for storing their belongings inside your rental.
Besides in-home storage, you should also consider adding more storage capabilities onsite by adding a portable storage shed or offering them offsite storage at a local facility for free, for the first 6 months.
Tip #2 – Install Solar Panels and Become Your Own Utility
Another cool way to earn more money from your rental properties is to install solar panels and become your own utility. This will enable your PDX rental property to generate its own power that you can sell back to your tenant.
Tip #3 – Offer Premium Services
Last of all, but most important, another way to earn more money from your PDX Rental property is to offer premium services to your tenants like cleaning or janitorial services. This will ensure that your tenants have no problem keeping your rental property maintained and it will also earn you additional revenue on a monthly basis as well.
Besides premium services, you should also consider including amenities like free high-speed internet as well.
Contact Rent Portland Homes Professionals
To learn more about how you can earn more revenue from your Portland rental property, or to speak with us about our property management services, contact us today by calling (503) 447-7735 or click here to connect with us online.