You might also be able to score some extra cash by renting out advertising space or common areas. If you still have parking available, you may be able to offer them up to neighboring residents and workers. Offer these rented spots to tenants first. If your property is located in an area with scarce parking spots, you can charge a monthly fee for the parking spaces on your property. RENT OUT SPACES OR SERVICESĪnother way to increase your monthly earnings is by providing new services to your tenants or in your community. Take a realtor out for coffee and pick their brains. If you need help deciding which amenities matter most to renters in your area, it might be time to consult with a local real estate professional. Installing a washer and dryer or a dishwasher may cost some money upfront, but most renters are willing to pay more every month for these conveniences. ADD NEW AMENITIESĪs you research your local rental market, find out what amenities will bring you the best long-term returns. Here are six ways you can increase cash flow from your rental properties. By making some adjustments, you can move your cash flow from the red to the black. If you’ve found your cash flow falling or breaking even because of unexpected vacancies, market changes, or other reasons, don’t lose hope. But investments are not always as straightforward as they may seem.Ĭircumstances can change quickly.

You start by purchasing a property that is well within your budget, you charge enough rent to cover monthly expenses, and you pocket the difference.

And to help build your wealth over time, it is important to maintain a positive cash flow that maximizes your earning potential. Buying a rental property can be a solid real estate investment.

Positive cashflow real estate