In September we purchased 2 duplexes that share a parking area.  Since then we have increased the cash flow by $601.00 per month.  The previous landlords never increased the rent once a tenant moved in, so the rents were $600, $625, $625 and $700.

Here is what we did:

The $600 rent put in notice at closing, we rented that unit for $825 =$225

Increased the rent starting in January for the 2 at $625 to $700 =$150

The $700 unit just put in 30 day notice and we have it rented for $825 in January =$125

We passed the expense of trash service back to the tenants saving $66 month

called around for snow and lawn service and saved $35 per month.

We know the numbers could be better, but were surprised how fast we were able to turn it around!