Increasing rent is a great way to make more money with your rental properties so long as the rental price increases don't lead to more turnover costs. Increasing the frequency in which your tenants move in and out of your rental properties can cost you a lot more money on turnover expenses then the additional money you made with your rental increases. The most profitable landlords focus on increasing their rental income while also minimizing their rental unit turnovers at the same time. In the long run, keeping your tenants from moving in and out of your properties is going to allow you to maximize your revenue. Tune in to HoltonWiseTV for more landlord tips and tricks.
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