Cash Flow Friday Tip #14: How to increase your NOI when renting to tenants with pets
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 17 April 2015
⏱️ 13 minutes
🧾️ Download transcript
Summary
In this week's Cash Flow Friday tip I’m going to share a strategy which I learned from one of our previous guests and have since implemented into a few of my rentals and it’s proven successful.
This strategy I'll talk about today is implementing a monthly pet rental fee into your lease agreements in place of a flat fee pet deposit.
How does a 10-15% increase in monthly rental premium sound?
Recommended Resources
- Download my free success guide, “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
- Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S
Transcript
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| 0:00.0 | Welcome to Kevin's Cashflow Friday Real Estate Tip, where Kevin shares with you strategies |
| 0:09.8 | and tips that will help increase your cash flow, make you a more sophisticated investor, |
| 0:14.8 | and provide you with the tools necessary to take your real estate business to the next level. |
| 0:19.4 | Now, here's the man you've been waiting for, |
| 0:22.3 | Kevin Bub. Hey guys, Kevin Bubb here with episode number 14 of the real estate investing for cash flow, |
| 0:28.6 | Cashflow Friday tip. Thank you for joining me today as I share tips and strategies that will |
| 0:33.8 | hopefully bring you a ton of value and help take your real estate business to the next level. |
| 0:38.7 | And before I get on with this week's Cashlow Friday tip, I like to take a quick minute |
| 0:42.3 | and mention some of the possible up-and-coming joint venture opportunities working with me on a mobile home park acquisition. |
| 0:48.4 | If you listen to my past few shows and you've heard me mention this before, but if this is the first time |
| 0:52.1 | tuning into our show and you'd like to learn more about some of these JV opportunities that I'm mentioning, go email me directly at Kevin at Kevinbub.com. |
| 0:59.8 | Again, Kevin at Kevinbup.com and we'll set up a time to get on the phone together. |
| 1:03.9 | And just so you know, this is strictly an offering for a joint venture partnership. |
| 1:08.1 | And this is by no means a coaching proposal or anything similar and I'm |
| 1:11.1 | just really looking for individuals who might have an interest in investing in mobile home parks |
| 1:16.0 | together someone that has available capital strong credit rating and a healthy balance sheet |
| 1:20.6 | to work with I can't take down all these deals my own and I'm looking for strategic partners |
| 1:25.5 | to work with and just so you know I take partnerships very very very seriously and I won't just strategic partners to work with. And just so you know, I take partnerships very, very, very seriously, and I won't just partner |
| 1:30.8 | with anyone. |
| 1:31.5 | So just because you have money and you have some experience and you contact me doesn't |
| 1:34.9 | mean that we're definitely going to work together. |
| 1:36.8 | So reach out to me. |
... |
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