40 Ways to Increase the Net Income of your Rental Property, by Al Williamson
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40 Ways to Increase the Net Income of your Rental Property, by Al Williamson
Best Ebook 40 Ways to Increase the Net Income of your Rental Property, by Al Williamson
This book is a resource for landlords and property managers. It helps you find clever ways to generate more income from your rental properties. It also help you see the potential in property before others do and that helps you buy diamonds in the rough.
40 Ways to Increase the Net Income of your Rental Property, by Al Williamson- Amazon Sales Rank: #680696 in Books
- Published on: 2015-03-25
- Original language: English
- Number of items: 1
- Dimensions: 9.21" h x .32" w x 6.14" l, .45 pounds
- Binding: Paperback
- 138 pages
Where to Download 40 Ways to Increase the Net Income of your Rental Property, by Al Williamson
Most helpful customer reviews
0 of 0 people found the following review helpful. GREAT IDEAS to make more money on your RE outside the standard "box" - truly new money-making ideas By J This book is a great inventory of ways you have probably never thought to make money on your real estate before. This isn't "raise rents" and insulate your hot water pipes. From leveraging the "sharing" economy, implementing other small business or advertising into your real estate, working with tenants to generate additional income for everyone, and even using your building as a re-broadcasting tool - there is something for every real estate owner in this book. The formatting with step-by-step analysis of each potential revenue source provides a clearer guide of how to approach each potential new stream of income.The author personally gave me a suggestion about adding bicycles to my Airbnb unit, and here's a recent message and a review from 2 booked guests:"The bikes as an option was definitely the cherry on top for us." - Ryan, Florida; April 2015"The bikes were also a wonderful way of getting around and checking out the area, which has lots of cute..." Courtney, TX, March 2015That's more bookings, better reviews, and more income! One weekend stay like this pays for the bikes in their entirety. And they are not the first! Even the guests that don't use them appreciate they are there. Thanks for the advice and inspiration Al Williamson!
0 of 0 people found the following review helpful. Rental Property, Landlord, Rental Properties By Russ in Elk Grove This book is a quick read because you can glance at an idea and know immediately if that idea might be appropriate for your situation. Some ideas will work in high cost housing, others in low cost housing. Some will work if your clientele are college students, or millennials, or older folks. This book explains the situations where an idea has promise, and then tells you what you should expect to invest (time and money).I appreciated that he covers what the unintended benefits (increase property value) and the possible problems (do I need a permit or insurance to do this?). Some ideas can turn a problem (insufficient parking) into a profit stream (operating a shared car service that attracts tenants who do not want to own their own cars.I also like the step-by-step how-to-get-started list at the end of each section.Bottom line - if you own residential rental property, several of these 40 ideas are things that you can turn into profit streams. The rest of them will stimulate you to look at your property in different ways and perhaps come up with a few ideas of your own.
0 of 0 people found the following review helpful. I really enjoyed Al’s first book By Michele Fischer I really enjoyed Al’s first book, Building Wealth with Inner City Rentals. This book is on a different vein, but is as equally helpful.The book focuses on how to generate ancillary, or non-rent income from investment properties, as a strategy to increase profit without increasing number of properties or debt load. I love that he uses the term collaborative economy to point out that we can partner with others, including tenants, to raise the income of both parties. It takes creative thinking, which this book starts to prime those creative thoughts.I appreciated the format of one summary page for each income generating idea. It forced me to slow down and really ponder if that strategy had any applicability to my rental investments. Al gives a lot of useful information in these summaries, but one of my favorite is identifying some nontangible benefits.
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