Episode #441
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13 Ways to Increase Rent and Add Value to Your Rental Property:
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Real estate investing offers a roadmap to financial freedom, but it’s far from easy. If you’re feeling the stress of ownership, whether it’s due to a difficult tenant or unforeseen expenses, you may be ready to throw in the towel. But before you sell your investment property out of frustration, you’ll want to hear what Ashley and Tony have to say!
Welcome back to another Rookie Reply! Are you looking to increase rents? Choosing the right renovations is key, and in today’s episode, we’ll help you determine which projects to prioritize. We also talk about the one-percent rule—a popular benchmark investors use to determine whether a deal is good or bad. Should you buy a rental property that falls short of this golden number? Our answer might surprise you! Finally, we dive into turnkey properties, their pros and cons, and what you should know about them before you buy!
00:00 Intro
00:55 Rent-Raising Renovations
08:30 Should I QUIT Real Estate?
18:14 When to Sell a Property
29:46 Breaking the 1% Rule!
37:13 Buying Turnkey Rentals
44:39 Send Us Your Question!
