What are the best ways to identify value-add investments in the rental market?
If you are looking for ways to boost your rental income and property value, you might want to consider value-add investments. These are improvements or strategies that increase the net operating income (NOI) of your rental property by either raising rents, reducing expenses, or both. However, not all value-add investments are created equal. Some might cost more than they generate, while others might not appeal to your target market. How can you identify the best value-add investments for your rental property? Here are some tips to help you.