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I'm looking for creative ideas on how to gain ancillary income.
Topic Author
Crystal Garland Hollinger
6 years 2 months ago #23139
by Crystal Garland Hollinger
I'm looking for creative ideas on how to gain ancillary income. was created by Crystal Garland Hollinger
I'm looking for creative ideas on how to gain ancillary income at a community with very few amenities. What are some ways you've earned other income?
Topic Author
Grace Howard
6 years 2 months ago #23140
by Grace Howard
Replied by Grace Howard on topic I'm looking for creative ideas on how to gain ancillary income.
Transfer fees. Parking. If all units don’t have balconies, that can be an up-charge.
Topic Author
Shannon Danielle
6 years 2 months ago #23141
by Shannon Danielle
Replied by Shannon Danielle on topic I'm looking for creative ideas on how to gain ancillary income.
Vending machines, telecommunications income, value ads in the apartments (upgrades)
Topic Author
Anonymous
6 years 2 months ago #23142
by Anonymous
Replied by Anonymous on topic I'm looking for creative ideas on how to gain ancillary income.
We have a parking garage (they're a little more rare). But we charge non-residents additionally for the use of it monthly. Like the businesses in the area. I'm trying to talk my boss into allowing an upcharge for MTM garage rental.
Topic Author
Anonymous
6 years 2 months ago #23143
by Anonymous
Replied by Anonymous on topic I'm looking for creative ideas on how to gain ancillary income.
I would hold people to replacement costs. If the lease or addendum says it's $25 per key to be replaced, or not returned at move out, stand by it! It'll keep some people from even bothering you about it, they'll just go have a copy made.
Topic Author
Kimberly Nowlin Doty
6 years 2 months ago #23144
by Kimberly Nowlin Doty
Replied by Kimberly Nowlin Doty on topic I'm looking for creative ideas on how to gain ancillary income.
Common area maint fee. We charge at move in and renewal. Service connection fee for setting them up for water. Service of notice fee (for posting 3 day to their door)
Topic Author
Anne Clark-Alder
6 years 2 months ago #23145
by Anne Clark-Alder
Replied by Anne Clark-Alder on topic I'm looking for creative ideas on how to gain ancillary income.
Location example overlooking dumpster would be less than an apartment overlooking open ground, a courtyard, pool etc.
Topic Author
Julie Curtis
6 years 2 months ago #23146
by Julie Curtis
Replied by Julie Curtis on topic I'm looking for creative ideas on how to gain ancillary income.
Clubhouse rental, guest suite rental, charge for gate devices at move in instead of just for replacement, move-in/move-out concierge services, valet trash, stuff like that
Topic Author
Anonymous
6 years 2 months ago #23147
by Anonymous
Replied by Anonymous on topic I'm looking for creative ideas on how to gain ancillary income.
Julie Curtis charging at move in for those devices is more of a deposit for their return. We are looking into doing that as well
Topic Author
Julie Curtis
6 years 2 months ago #23148
by Julie Curtis
Replied by Julie Curtis on topic I'm looking for creative ideas on how to gain ancillary income.
we just charge $100 per device at move in as a fee. We pay roughly $30 for the actual device and most people still turn them back in (surprisingly.) I was skeptical when we rolled it out too lol
Topic Author
Paige Strohson
6 years 2 months ago #23149
by Paige Strohson
Replied by Paige Strohson on topic I'm looking for creative ideas on how to gain ancillary income.
Smart IoT - the STRATIS app controls locks and thermostats, lights, coffee maker, etc. Who wouldn’t want to start your coffee while still in bed. ☕️ Some properties make $15/unit a month.
Topic Author
Scott Snyder
6 years 2 months ago #23150
by Scott Snyder
Replied by Scott Snyder on topic I'm looking for creative ideas on how to gain ancillary income.
Consider requiring renters insurance. You will earn ancillary revenue through the marketing fee paid to the property and because it is required, you could charge a lease violation fee when you are alerted to residents who are out of compliance (cancelled their policy while still a tenant). Oh, and the property will be better protected in event of a loss / issue.
Topic Author
Anonymous
6 years 2 months ago #23151
by Anonymous
Replied by Anonymous on topic I'm looking for creative ideas on how to gain ancillary income.
We require renters insurance, I'm the person that calls people when their renters insurance has either been cancelled, or if their policy date has ended and we didn't receive their updated insurance. There is a lot of push back that I get when I make those calls, but when we collect those fees, it makes it all worth it.
Topic Author
Melissa Ann Hickson
6 years 2 months ago #23152
by Melissa Ann Hickson
Replied by Melissa Ann Hickson on topic I'm looking for creative ideas on how to gain ancillary income.
$50 per bag of trash left outside of front door, $50 for each pet violation where the resident doesn’t pick up after their pet, $50 for each grill as we don’t allow them, $50 for anything that is not approved on patios or balconies...on and on... BANK! And my communities are CLEAN!
6 years 2 months ago #23329
by Tara Samuels
Replied by Tara Samuels on topic I'm looking for creative ideas on how to gain ancillary income.
I work for Assurant and we offer an easy way to earn ancillary income simply by keeping our renter's insurance brochures in your leasing office and handing them out when an incoming resident is looking for a resource, other than their car insurance provider.
6 years 2 months ago #23329
by Tara Samuels
Reply to Tara Samuels
Topic Author
Penny King
6 years 2 months ago #23332
by Penny King
Replied by Penny King on topic I'm looking for creative ideas on how to gain ancillary income/Suite rental
I'm curious about the Guest Suite Rental. Do you charge a nightly fee for this? We have corporate suites but offering it on a nightly rental will put you in the hotel/motel tax bracket. How do you get around that?