Charge for Amenities
If you do not charge pet rent and a nonrefundable pet deposit, you need to. At the same time, make sure to charge and actually enforce late fees. If a maintenance issue was caused by a tenant, have a thick skin and charge them back for it.
In addition, there may be other sources of income you can try to get. We have played around with offering lawn mowing services, rental washers and dryers, and the like. So far, we haven’t had a ton of success there, but we have gotten a few takers and marginally increased our income. And every little bit counts.
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