Episode 20 - Rent - A Landlord's Reocurring Income

When you understand the concept of rent on each property you own, you’ll discover the overlooked power it has to generate a recurring income for you. Today’s episode is about the clever ways to tweak your rent, so you can get a successful long-term portfolio while gaining massive profits along the way.I'll also be sharing the possible reasons why you can't increase your rent at a particular time and how to fix it.

What You Will Learn In This Episode:

  - How landlords can turn their rents into a recurring source of income

- Insightful tips on the factors that can affect the increase in rent

- My golden rules for how to implement rent reviews

- Why it's important to study the property market before raising the rent

- How rent reviews create an understanding between landlords and their tenants

For you to flourish as a property solopreneur, you've got to consider this as a business and not just a hobby. It doesn't matter if you don't have a financial degree, you just need to take out time to make those rent reviews work for you. You also need to consider the tone you use to communicate with your tenants, so they understand and cooperate with you throughout their rental experience. 

Resources:

Download my Property Business Checklist at https://www.rachaeltroughton.com/checklist

Find me on Instagram https://www.instagram.com/rachael troughton