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Rental Income Podcast With Dan Lane

Bonus: These Cheap Upgrades Will Make Your Rental More Profitable

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 18 November 2021

⏱️ 15 minutes

🧾️ Download transcript

Summary

You don't need to spend thousands of dollars on a rehab to charge a higher rent.

On this bonus episode, Lee shares some cheap and easy upgrades that he does to his rentals that help him charge a higher rent, and get a better return.

Transcript

Click on a timestamp to play from that location

0:00.0

This is a bonus episode of the rental income podcast. And now, Dan Lay. I've always thought that if I want to get the highest rent possible on one of my rentals, the best thing I could do was rehab the unit. My thinking was that if I made the property really nice, I would attract a good tenant and be able to charge a premium

0:23.7

rent. But Lee, you don't think it's really necessary to spend a lot of money on a rehab.

0:29.8

I think you have to look at what your tenant base avatar is really looking for in their future home and weigh what the unit requires.

0:42.9

So you don't have to go and do every single thing.

0:47.6

You just have to do the important things to your Avatar tenant.

0:51.2

Lee has figured out a handful of very inexpensive upgrades that he's been doing to his

0:57.2

rentals that have added a ton of money to his bottom line.

1:00.8

On the show today, he's going to walk us through exactly what he's doing.

1:05.1

And hopefully if you can steal just one or two of these, you can make your rentals a lot more

1:09.6

profitable too.

1:11.3

Joining us on the show from St. Louis is Lee Fyord.

1:15.3

We'll take a really quick break to thank our sponsors.

1:18.7

We'll come right back and we'll talk to Lee.

1:21.1

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...

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