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Additional Revenue Sources | International Residential Real Estate Investors Association
Friday July 21st 2017

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Additional Revenue Sources

Investors can often achieve outstanding returns on unused properties.  This is especially true in multifamily venues like apartments, condominiums, mobile homes, and so on.

Often older projects are providing housing only.  An astute investor may bring additional revenue to the table significantly increasing revenue.  A few areas that stand out are:

  • Laundry income,
  • More effective bill back of utilities,
  • Renters insurance,
  • Rent default protection insurance,
  • Storage,
  • Pet fees,
  • Administrative fees,
  • Furniture rental,
  • Washer / dryer fees,
  • Cleaning fees, and
  • More

Truly, the operator is limited to imagination and adminstrative ability to support.  Besides being a great way  to increase returns, the area is one of the ripest means for an investor to benefit since the potential is largely limited by your imaginative capabilities.

Blake Ratcliff

The Real Estate Investor

“The IRREIA - Making residential real estate investing more fun and rewarding
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