Image by Michal Jarmoluk from Pixabay


With today’s rental markets, it’s important to maintain and keep your property updates as a landlord. Making these necessary upgrades will help you attract potential tenants and keep you competitive in the market.

Additionally, renovating your rental property helps it increase in price — thus being a great passive income opportunity for a side hustle.

There are many simple and easy upgrades you can make to your property that can help increase the value of your property without breaking the bank.

For example, you can add a new coat of paint to the walls in the living room, switch to hardwood floors, replace old doors, and install new windows. 

Renovating a property has many pros and cons. Sometimes, while doing renovations, you can uncover additional damage that needs to be done — it can also be time-consuming and increase property taxes.

However, making these improvements can lead to overall reduced maintenance costs, happier tenants, and these renovations are not only easy and simple, but they add up, making the property deserving of higher rent. 

For more ideas, this infographic from TurboTenant provides additional tips and tricks for easily upgrading your rental property and maximize profits for your side hustle.

rental upgrades for a property

From the Coach’s Corner, here are related strategies:

10 Tax Deductions for Residential Property Landlords – As investments go, small residential property landlords enjoy the most tax benefits. In a down year, rental property tax deductions can make a big difference whether you enjoy profits or suffer losses.

Best Practices for Landlords in Renting Property – In this often litigious and incompetence and dishonesty in our society, it’s increasingly difficult to manage a rental property and to avoid poor-quality tenants. Here are solutions.

9 Secrets for Success in Real Estate Investing – Whether you want to work with investor partners or go solo, real estate investing can be a profitable business. But success requires more than just the old expression: location…location…location.

5 Tips for Non Pros to Make Money in Real Estate – Are you looking for an additional source of income, for instance, to boost your retirement assets? Real estate is still a viable option for making money for non pros.


“If you do not find a way to make money while you sleep, you will work until you die.”

-Warren Buffet


Author Terry Corbell has written innumerable online business-enhancement articles, and is a business-performance consultant and profit professional. Click here to see his management services. For a complimentary chat about your business situation or to schedule him as a speaker, consultant or author, please contact Terry.