20 Ways to increase your rental yield
- Increase the rent to market rate
- Decrease the rent to reduce vacancy
- Switch to an interest only loan( An experienced mortgage broker is extremely valuable)
- Buy a low maintenance property
- Buy a property in a good location to ensure high rental demand
- Prepare a depreciation schedule(An experienced accountant is extremely valuable)
- Make sure the property is fully fenced
- Make the property pet friendly
- Install a Heatpump for efficient economical heating
- Install a dishwasher
- Renovate the bathroom
- Renovate the kitchen
- Paint inside
- Landscaping to make the property more appealing and easy care
- Install an electric garage door opener
- Put in new carpet
- Fix up obvious defects of the property
- Provide a gardening service
- Maximise tax deductions
- Add new blinds or curtains
Priority Property Management | PO BOX 8242, Christchurch | Phone: 03 342 3942 | Fax: 03 342 3943
Email: info@priorityproperty.co.nz