| When it comes to real estate investing, rental | | | | There are many laundry facility rental companies |
| properties offer the potential to create additional | | | | that will install and maintain coin-operated laundry |
| streams of income. For example, while a property | | | | equipment while you simply sit back and collect a |
| appreciates in value, your rental income will cover | | | | percentage of the proceeds. In turn, you're |
| the monthly mortgage payments and | | | | responsible for the utility payments, but free to |
| maintenance expenses and maybe even leave a | | | | keep the remainder. |
| little left over for profit. However, rental and | | | | Internet Services |
| investment properties offer even more | | | | With the ease of installing internal network wiring |
| opportunities for multiple income streams. Keep | | | | or even wireless networks, providing Internet |
| reading to learn how. | | | | access to your tenants is now easier than ever. |
| Parking Fees | | | | Whether you incorporate the cost into the rent |
| Charging for parking spots may seem like a | | | | or charge an additional fee, this extra service is a |
| nominal source of income, maybe even just $20 | | | | great potential income source. |
| per month per tenant, but spread over three | | | | Tenant's Insurance |
| tenants and twelve months, that's $720 in totally | | | | As the owner of a larger rental building, you may |
| passive income. And depending whether the | | | | be eligible to purchase tenant's insurance on a |
| general locale is tough to find parking spots, many | | | | group basis, and therefore a discount. This means, |
| residents would consider that fee a bargain. | | | | you can then either sell that insurance to your |
| Storage Costs | | | | tenants at a profit or direct your tenants to your |
| If your rental property comes with storage space | | | | building's preferred tenant's insurance company |
| or units, consider charging an additional fee to | | | | and collect a commission on every sale. |
| tenants for their use. While offering storage space | | | | Utilize Unused Space |
| for free can be a great way to entice potential | | | | If your property has an unused outbuilding or |
| tenants during a soft rental market, you can also | | | | communal or hall space, consider renting it out to |
| earn income on them during a landlord's market. | | | | a number of tenants. For example, one apartment |
| Laundry | | | | building had an empty and unused outbuilding. It |
| While laundry is a drain on your utility bills and will | | | | soon became an artist's studio for several local |
| cost you in the initial investment of purchasing | | | | craftspeople and earned the landlord an extra |
| coin-operated laundry equipment, you can turn it | | | | $600 a month in rental income. |
| into a passive form of income. | | | | |