There are a few simple ways to increase the cash flow from your rental properties. But you have to set aside the time and money to do it first.

I’ve been hammering this idea into your head for a while now.

And I can’t stress enough that you should buy properties in a way that allows you to turn them into rentals as a monthly cash-flow machine.

1Increase rent for maximum cash flow

Charge more to make more. It’s that simple.

But before you up the price on your rental property, research the rent prices in that area and compare.

If this seems like a reasonable amount and you can justify the increase by what you have to offer, then you’re well on your way to making instant cash flow.

2Upgrade your rental property

Unlike a ton of rental properties I see, you can charge more for those you put money into upgrading.

Improvements like appliance upgrades or a new HVAC unit and even installing a security system can benefit you.

There are a few upgrades that can help you avoid surprising liabilities. More and more people are using smart locks instead of a key entry, making it so easy for property turnover because it’s one less thing you have to worry about.

3Furnish the apartment

I recently came across someone who furnished the whole place and purchased Nintendo games and other fun things for renters.

By doing this, you increase the value of the space by up to $200 or more every month. Giving people everything they need while designing a place that feels good gives you an advantage.

These tips to increase cash flow from rental properties are not just easy, but they can be done in days.

From increasing rent charges or upgrading the property with appliances or security systems, there’s an option that will work well for you.

To learn how I went from $3K to billions in real estate assets, sign up for my Free Live Training.

Be Great,

Grant Cardone

Disclosure: This content is intended to be used for educational and informational purposes only. Before investing, you should always do your own analysis based on your own financial and personal circumstances before making any investment. Grant Cardone is an industry expert who has been investing for over 30 years and his opinion is based solely on his own personal experience and circumstances. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment. Investment involves great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice.  We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

Previous articleI Told You Tom Brady Would Return to the NFL
Next articleBillionaire Explains How to Reduce Taxes
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

Comments are closed.