Increase Your Rental Income While Making Your Tenants Happier
If you’re a landlord, there are a few things you can do to increase your rental income while making your tenants happier. You don’t have to spend a lot of money to improve the look and feel of your rental units.
Here are 4 simple rental turnover projects that can be done in a relatively short time:
1. Replace the small things, replace your old light fixtures, sink faucets, showerheads, doorknobs, light switches, electrical outlets, and the kitchen sink, too; the list goes on.
2. Who doesn’t love a freshly painted rental unit? Adding a fresh coat of paint to your apartment walls will make the entire unit look clean and refreshed. Avoid choosing a loud or vibrant color. Since it’s a rental, you’ll want to go with a neutral tone that’s inviting and comforting to everyone.
3. Bring the outdoors in by adding plants in lightwells and patios to create a natural vibe and give the rental unit some organic charm; for an extra pop of color, why not place your plants in colorful planters, just remember to Wash the windows inside and out.
4. You can also Add baseboards and crown molding to make your rental unit more inviting. These accents will make the rental unit look both homey and chic at the same time. Go for a nice aesthetic, and don’t forget to paint these after installation.
Landlords are often surprised by how much they can increase their rental income. We can help you do this!
For more information about how you can increase your rental income while making your tenants happier and a consulting visit, please contact me.