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Thinking outside the box helps you create more revenue for your multifamily properties. Driving the NOI also increases property value. Amenities and sources to add income to your property are found everywhere when you look for them.   Find the time to walk a property you own and look at the parking lots, buildings, and outbuildings. What do you see? What can you create?  

The following list of categories is designed to help you think outside the box to produce additional revenue for any property:

 

  • Application fee
  • Forfeited security deposits
  • Late fees
  • Pest control fees
  • NSF and bad check fees
  • Move-in/move-out fees
  • Parking income
  • Laundry and vending machine income
  • Concierge service
  • Valet and garbage pick-up fees
  • Pet fees
  • Storage fees
  • Utility reimbursement fees
  • Car wash bay
  • Pet was stations
  • Revenue sharing with cable and data providers
  • Renters insurance revenue sharing
  • Business center fees
  • Club house rental fees