DON’T Buy More: 5 Ways to Get Higher Cash Flow with Fewer Rentals

"I'd bet that you could probably spend anywhere between 300 bucks to 5,000 bucks on some of these upgrades and get, you know, 50 to100 to maybe even $200 more a month rent depending on the market that you're in."

"this actually I think in a lot of circumstances can improve your cash flow more than buying another property. And on an efficiency basis like cash on cash return-wise, I think it almost always works better than buying another property."

"I've spent as little as 5 grand and as much as 12 grand to convert a bedroom... Where I've done it most recently, it adds two two to $300 a month in rent... So that's a threeyear payoff on that investment. That's like a 30% cash on cash return."

"turning it into two units... that can like potentially make something in a city like Seattle or expensive market actually cash flow. Whereas if you just bought as a single family, there's no way... if you bought a house that was... 500 $600,000, you'd probably get 3500 bucks in rent... if you spent another 50 grand between the two units, you're probably getting 5,500 bucks in rent."

"in Seattle the there are like 1,200 foot ADUs in the neighborhood I live in. They sell for 750. It's insane. You can build them for 350... more and more cities are allowing this."

"rent is super expensive. I think more people are going to be interested in these co-living models. And if you were willing to take on the operational burden... you can definitely make make more money."

"I'm not gonna buy a house and change the layout to have nine bedrooms and three bathrooms. Like, that might work for me for a year or two and then the market shifts and people don't want this anymore. And then you're stuck with the weirdest house on the block and you're not going to be able to rent it or you're not going to be able to sell it."

"going and buying a property that only works as a short-term rental or only works as a mid-term rental or only works as a rent by the room model may help you in the short run, but in the long run, you could get hurt tremendously if things change... So you could literally go from making money to losing a lot of money overnight cuz someone behind a desk somewhere decided they did didn't want you to do that anymore."

"what can I do for the complex as a whole that provides convenience for your tenants that they would be willing to pay a little extra for... that amenity itself could make you money, which increases your net operating income, which increases the value of your property."

"I'd bet that you could probably spend anywhere between 300 bucks to 5,000 bucks on some of these upgrades and get, you know, 50 to100 to maybe even $200 more a month rent depending on the market that you're in."

"your upgrades end up paying for themselves after a few months."

"Where I've done it most recently, it adds two two to $300 a month in rent."

"So that's a threeyear payoff on that investment."

"That's like a 30% cash on cash return."

"rent is super expensive. I think more people are going to be interested in these co-living models. And if you were willing to take on the operational burden, and it is an operational burden, you can definitely make make more money. I I think that one actually makes sense right now."

"that might work for me for a year or two and then the market shifts and people don't want this anymore. And then you're stuck with the weirdest house on the block and you're not going to be able to rent it or you're not going to be able to sell it."

"you could literally go from making money to losing a lot of money overnight cuz someone behind a desk somewhere decided they did didn't want you to do that anymore."