It’s no secret that the rental market in some parts
of the country is sluggish.
But just because some areas are performing below average it doesn’t mean
that investors can’t achieve rental growth.
The truth of the matter is that you can manufacture higher rents no
matter what the market is doing.
Don’t believe me?
Well, let’s take a look at some of the strategies to get your tenant to pay more rent.
Rent reality
Let’s face it, some rental markets are experiencing softer conditions at
present.
Thankfully this is confined geographically as well as being mostly
limited to the oversupply of new units in some inner-city locations.
This excess supply will eventually be absorbed, but in the meantime,
rental prices are likely to remain flat in many places.
But, owners of investment-grade properties, can
always improve their yields by investing in the right properties to start off
with.
And by also recognising that the power to achieve more rent is in their
hands…
If only they’re prepared to spend a little money to make money.
It seems a pretty simple formula to me.
RealRenta has all
the tools that a property manager has, but at over ¼ the cost of a property
manager.
Join now and the
cost is less than a cup of coffee a week to manage your rental property
RealRenta also has a
free vision, so why not check it out
Jason Gwerder
Friday, 12 March 2021
