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- This One Tactic Increases Rental Income
This One Tactic Increases Rental Income
Without Raising Rents
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Increase Property Income

This works in any market.
Most landlords think “increasing rental income” means one thing: raising the rent. But there’s a smarter way to boost your bottom line that tenants actually like and works in any market condition — tight, loose, hot, cold, doesn’t matter.
It’s called fee-based revenue, sometimes known as “ancillary income.” Instead of raising rent $50 and getting pushback, you add optional (or value-based) services tenants are happy to pay for—because they see the benefit immediately.
Here are the easiest, fastest, highest-ROI options:
1. Resident Benefit Packages (RBP)
A simple bundle tenants appreciate. Typical inclusions:
Air filter delivery
Online payments & credit reporting
24/7 emergency line
ID fraud protection
Common price range: $15–$40/month.
Tenants love the convenience, and it boosts NOI without touching rent.
2. Smart Home Upgrades
For $150–$200 in equipment, you can offer:
Smart lock access
Smart thermostat
Tenants will typically pay $10–$25/month for the upgrade — and they save on energy bills. Win/win.
3. Pet Programs
Instead of a one-time pet fee…
Add a small monthly pet rent ($20–$35/mo).
Pet owners expect this and rarely object.
4. Covered Parking or Priority Parking
Even in suburban rentals, offering a reserved parking spot can add $15–$50/month.
In multifamily, it’s one of the most profitable add-ons.
5. Storage Rentals
Unused attic, basement, or shed?
Offer it as secure tenant storage.
Often $10–$40/month for space you’re already paying for.
Why this works in any market
Tenants resist a rent hike, but they don’t resist paying for something that feels valuable, optional, or convenient. Investors love fee revenue because it increases NOI (which increases property value), and it doesn’t reset every year the way a one-time fee does.
One good add-on can mean $200–$600+ per tenant per year—without raising rents a penny.
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