Improve Your Rental Income – High Tech = $$$$$

This is the first in a series of articles that will cover the subject of Rentals and how to improve them. I am going to start off with a Pet Favorite of mine. THE TELEVISION. If their is one area that is lacking in so many of the rental units we see each year it is the media center or more likely the lack thereof. Let􀀁s face it. People watch alot of television, and that does not stop when they are on vacation.

Just imagine yourself away from home for a full week at the Shore and your in an average rental unit equipped with a regular old TV, no stereo and not much else in the area of media. And it starts to rain…and rain……and rain. We􀀁ve all been in that spot. Now, take yourself out of that unit and put yourself in one equipped with a 46” High Definition Flat Panel Television with a Stereo Surround Sound Home Theatre equipped with CD/DVD Player. A Playstation2 with a drawer full of games, DVD Movies and CDs that the whole family can use and enjoy. Then throw in a Digital Video Recorder an Ipod Dock some classic Board games like Monopoly and Clue and then top it all off with a set of real poker chips for a family Texas Hold-Em Tournament. Wow where is this place. Your tenants and prospective tenants will appreciate this kind of amenity so much that it will guarantee you an increase in Weeks Rented and make your repeat rate soar. So how much does this Super System Cost. I recently priced out this entire package online for a customer. He was stunned and when he considered the cost of under $3,000 against the impact it would have on his Gross Yearly Rental Income He was sold. Your Investment property in Sea Isle has to be approached like a business, and like any business owner you have to constantly consider the idea of how “Your Product” is being recieved by your Customers. The old thinking that said “just get it rented” will not 􀀁 FALL 2006 􀀁 work. You have to be thinking and acting. Not reacting. So take my suggestion and start with a trip to the local media center. You􀀂ll find out that this idea is as affordable as I have said. The chart on this page serves as an example but make sure you show up after taking some measurements of your home to make sure everything will fit the way you envision it.

One last thing I haven􀀂t mentioned. You􀀂ll love it too. The family experience at the shore for you and yours could be the better for it.

Want to Respond to this Article?

You must be logged in to post a comment.