Getting 37% more for rent in this propetry takes WORK and Knowledge

This property before we purchased it had approx lease of $1600 a month. When we started the home we kept the tenant in the bottom unit and they were paying only $600 a month.

After we negotiated and rolled our sleeves up we ended up at $1038 a month on that unit.

The top unit we just leased for $1200 a month making the monthly gross income $2238 a month.

Let's look at the old and new rental numbers

Old Numbers: Approx rent $1600 Tax $325 Insurance $150 PM $160 net $965 or $11,580 a year

New Numbers: Approx Rent $2238 Tax $325 Insurance $150 PM $220 net $1543 Or $18,516 a year.

That's an almost $7000 lift in rent a year or $570+ a month more income.

Need more income Call me (Brett) 216-703-5740 Fathom Realty or WhatsApp me

Need property Management Call Lori 440-695-3379