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© 2016 Small Business California

Jun 14, 2017

5 Ways Landlords Can Maximize Profits



1. Increase the Rent, but be Competitive

If you price your unit too low, you'll fill it quickly, but might miss out on thousands of dollars in rent. You need to ensure that you're correctly calculating the cost vs. revenue on each property.

2. Work Smarter, Not Harder

Technology offers modern landlords opportunities to significantly reduce their property management overhead such as Cozy.

3. Take Advantage of All Tax Breaks

Landlords can claim all the maintenance and repair costs on their properties. You can also deduct mortgage interest as well as the costs you incurred buying your properties. Other deductible expenses include insurance, business-related travel,  and contractors.

4. Target Your Ideal Tenant

Getting the perfect tenants for your property is a triple financial bonus; you'll be able to set a higher rent and if they're suitable they are less likely to leave, saving you costs associated with vacant units and tenant turnover.

5. Install Solar Panels or  Rent Storage Space

Going Solar is an efficient way of opening up another income stream from your property. Once you've installed the solar panels, you can sell back excess energy to the grid. Your tenants will benefit from lower energy bills and as prices are predicted to keep rising, this is an advantage that could become even more attractive over time. 

To find out if you qualify for a no-money-down Solar project, request a Complimentary Solar Feasibility Study. Or, please email us at info@blueflameenergyfinance.com or give us a call at 760-615-5033.




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    1. Energy Savings An investment in solar offers financial returns of over 10% on average in the US right now.  2. Spiritual Ecology Solar reduces air pollution, water pollution, and the need for finite resources. How Can Temples Go Solar? The biggest challenge today for temples adopting solar is financing. Luckily, BlueFlame Energy Finance offers no-money-down, long-term financing to qualifying temples. To learn more and find out how much money you could save, get a Complimentary Solar Feasibility Study . Or, please email us at info@blueflameenergyfinance.com or give us a call at 760-615-5033. To learn more about BlueFlame Energy Finance, please go to blueflameenergyfinance.com.
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