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How to Increase Your Ogden Rental Property’s Profitability

Blue Model House Stacked on Pile of MoneyMaking money as a landlord in Ogden is about more than just taking rent checks. For most rental property owners, using a variety of tiny but important strategies meant to increase rental property income without raising your tenants’ rent is the secret to long-term success. Keep reading to understand how to boost your rental revenue – none of which requires upping the rental rate.

Reduce Monthly Expenses

One of the first steps you’ll want to take to increase rental property income is to review your monthly expenses for opportunities to reduce costs on your rental property. If you haven’t checked for landlord insurance rates in the last year, now is the chance to look around and see if you can discover a good policy for a lower price. Another option to help you reduce your monthly expenses is to appoint a reliable Ogden property management company. It may sound like a paradox, but appointing a property management company can help lower your maintenance and repair costs. This is because regular, comprehensive property maintenance often greatly minimizes the cost and number of emergency repairs. Apart from that, well-connected brands like Real Property Management Northern Utah have beneficial relationships with home service providers that help keep costs down.

Charge Pet Rent

If you don’t already agree with your tenants to keep a pet on the property, think about changing your policy to allow for a “pet rent.” While this will increase the overall price your tenant pays each month, pet lovers are usually eager to do so if it means being able to keep their preferred animal on the property. Many property owners also impose a cleaning fee to cover additional costs when preparing the property for a new tenant.

Rent Out a Garage, Shed, or RV Space

If your property has an open garage, RV space, or shed, think about renting them out separately. There are a lot of individuals hunting for secure storage space close to home. Huge storage unit complexes, however, typically charge much more than many people are willing to pay and sometimes even require long-term contracts. If you can rent your unused storage areas for a little bit cheaper than the going rate, you’ll have extra income in your pocket each month.

Offer Upgrades

Lots of property owners have started presenting extra services and upgrades to busy tenants. Since many individuals are working more than ever, anything you can do to make their life easier – for an extra cost, of course – may be welcome. You could offer your tenants internet service, alarm service, cleaning, lawn care, or even laundry or grocery delivery services. As more and more people start outsourcing these services, they may jump at the chance to get the services they want through their landlord or property manager.

Furnish Your Rental

If you have the means, you can ask more for particular furnishings in your rental homes. Furnished rentals often rent for more than unfurnished ones. It also permits you to rent to corporate and cross-country tenants who pay well for a great quality rental home. Simply furnishing your rental property might be the solution if you’ve been looking for a way to reach a new renter demographic and boost rental property income.


Do you desire to improve your rental’s monthly cash flows? Contact us today either online or by calling 801-546-1770. Our property management specialists can help you maximize your property’s potential for the highest possible monthly income.

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