The Cash Stream is Finally Flowing

[Chandler Durham]

Investment Info:

Single-family residence other investment.

A 2 bed/2 bath single-family residence of approximately 1,100 sq. ft. came into my possession. It was being rented well below market value, with lawn care included in the rent. I raised the rent 16% WITHOUT lawn care. This increase created a monthly cash flow of approximately $600, a 36% increase.

Lessons learned? Challenges?

The biggest challenge was to remember that the home was not a permanent residence, but an incoming producing property. I battled with grand ideas to blow out walls, rework the kitchen, tile the bathrooms, etc. However, I had to push these ideas aside and focus on the numbers.