Creative ways to increase rent
Hello all,
I am currently working on finding my first small multifamily property to purchase in the Phoenix, Az area before 2018 is over (house hack). Have been running the numbers on a couple duplexes/4 plexes and looking into how I can potentially increase rents once I would take over a property. I understand this may be different in different areas but was just curious if there was an average/rule of thumb on how much you could increase rents if you supply the units with a washer/dryer for the tenant instead of just having the hookups for them to supply their own. Also, any other creative ways to increase rents would be helpful as well! (Also looking into splitting the water meters so tenants cover their own water bills). Any tips/tricks would be appreciated!
Thank you,
Brandon