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6. Offer improvements for rent increases. If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.
7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of income. 8. Rent by room. A four-bedroom house might make more money if you include all utilities and rent by bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.
9. Rent-to-own sale. Usually there's a non-refundable deposit, and higher than market rents in these deals. When renters change their minds, as they often do, you got deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get better cash flow as you repeat process. 10. Reduce expenses. Every dollar of expense you cut goes straight to bottom line. List every expense of your rental properties, and look at them one at a time. How can you reduce them?
Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com