Updated about 7 years ago on . Most recent reply
Additional Goods: Increase Income
Open discussion about creative ways to generate additional income on top of rent for your properties.
Has anybody offered a technology package? It could consist of a Roomba and (2) Alexa speakers, as an additional source of income? Assuming a budget of $500 to purchase the three devices, you could create a separate lease agreement of $25 per month for these. It'd generate $300/year, making your money back within 2-years. And it's protected by the security deposit as well.
One of my properties is near a large university. We have a pool table which really helps sell the place to college guys. We include it in the house but we could offer it as an add-on.
Truth is you could lease a lot of different add-on's: BBQ, pool table, TV's, etc.
Has anybody had any luck with this approach?