Maximizing your return on investment, or ROI is the key to making the most money on each rental property you own.
Typically, ROI is described as a percentage and the higher the percentage, the more money your property is expected to earn.
There are a number of factors to consider when calculating your ROI.
Preparing Your Property & Maximizing Your ROI You must make sure that it is ready for tenants to move in before you start marketing and renting your property.
Before you start advertising, having your property rent-ready will ensure that it is rented quickly, which means that you will earn money sooner.
To reduce the cost of heating and cooling in your rental property, be sure to keep the HVAC unit of the property clean and free of debris, replace the filter on a regular basis (NACHI recommends changing every three months), and try to keep the winds open and unblocked.