What are the best ways to get more ROI from your Temecula rental property?
By Utopia Property Management
Are you searching for more ways to get more ROI from your rental property in Temecula? If so, you’ve come to the right place.
Return on Investment (ROI) is everything when owning rentals and as one of the top Residential Management companies in the Temecula area we can tell you that the best ways to get more ROI from your rentals include the following:
Install A Laundry Area
It doesn’t matter if you own a small duplex, apartment building or single-family home in Temecula. One of the best ways to get more ROI from your rental property is to install a laundry room or a washer and dryer at your rental property.
When you allow pets at your rental property you can charge a pet deposit and an additional $25 per month in pet rent.
You should also consider adding a dog run to your Temecula property or dedicated area for owners to hang out and let their dogs enjoy being outside.
Upgrade Your Rental Property
From adding new carpeting/flooring, upgrading your kitchen/bathroom to adding new appliances, anytime you upgrade your rental property you should consider charging your tenants more rent each month to cover your investment in upgrading the rental property.
Add an Onsite Storage Shed
Another great way to get more ROI from your rental property is to add an onsite storage shed/storage. Many renters often store their belongings off-site and would be eager to store their personal items in the same location as where they are living.
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