You may think that to raise your Fremont rental property income you can just raise rents. However, you can't just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below.

 1. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below- Fremont market rates?

 2. Charge rent for extra parking space if available. I got tired of a renter's extra car, so I just started charging a weekly fee. Then I didn't mind so much.

 3. Charge and enforce late fees. It's perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don't even mind - they just don't look at these things the same way as others. But you must always enforce the late fees.

 4. Storage shed rentals. If your Fremont property is small, your renters may need a place to store their things. Don't let them spend their money elsewhere. Put a sheds on the property and charge rent for it.

 5. If you own a multiple unit property install coin-operated washing machines. If you don't have the money to do this yourself, you can find a company that will install them for you, and share the income with you.

 6. Sell on a rent-to-own contract. Typically, there's a non-refundable deposit, and higher than market rents in these deals. When renters/buyers change their minds about buying, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.

 7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of the income.

8. Offer improvements for rent increases. If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.

9. Reduce your expenses. List every expense of your rental properties, and look at them one at a time. How can you reduce them? Every cost cut goes straight to the bottom line of your rental property income.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.