This document outlines 6 ways to improve the rent from a property: 1. Rent individual rooms in a multi-room unit rather than the entire unit, which can increase rent by up to Rs. 10,000. 2. Reduce the security deposit to attract tenants with less funds, such as increasing rent to Rs. 35k while lowering deposit to Rs. 1Lakh. 3. Provide short term rentals through websites like Airbnb, which can earn up to 3 times as much as long term rentals. 4. Convert a residential unit to commercial space, which can increase rental income by Rs. 10,000 due to high demand from startups. 5. Provide fully furnished units

1. 6Ways To Improve The
Rent From Your Property
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2. Did you know that certain methods can be used to
add value to property, create demand, and provide
you with the opportunity to increase rent?
TheHouseMonk team has come up with some easy
methods through which this can be achieved.
Introduction

3. Room by room
If you have a multi-room unit, the rent will be high.
Higher the rent, higher the difficulty in finding a
tenant. To overcome this, you can set a rent for each
room and rent them out individually rather than
giving the entire unit to 1 person.
How?
Assume that a 3 bhk furnished flat can be rented out
for Rs. 35,000. The same flat, when rented on a
shared accommodation basis, the rent for each room
can go up to Rs. 15,000 (say). This will earn you a rent
of additional Rs. 10,000 when compared to non-
sharing.
Shared Accommodation1

4. Reduce deposit
Most people who are shifting to a new city don’t have
enough funds to pay a high security deposit. In such
cases, you can consider increasing the rent and
reducing the security deposit.
How?
If the security deposit of a 3 bhk flat is Rs. 2 Lakhs and
the rent is Rs. 30k, you can consider reducing the
deposit to Rs. 1 Lakh and increase the rent to Rs. 35k
Reduce Deposit2

5. Short term rentalShort Term Rental3
Providing flats for short term rentals using websites
like Airbnb has proven to be more beneficial than
giving it on long term rental.
How?
Imagine you are renting out a 3bhk unit on a long
term basis for Rs. 30,000. On a short term basis, the
rent for the same flat will be Rs. 3,000 per day
(approximately) and by end of the month it will sum
up to Rs. 90,000. Even with 50% occupancy, you will
still be able to earn more than what you can on long
term rental.

6. Change to commercial
Converting the unit into a commercial space will allow
you to increase your rent by a substantial amount.
With the increase in startups, such commercial spaces
are in high demand. A residential flat can be
converted to a commercial unit just by changing the
water and electricity bill to a commercial tariff.
Note – This tip is more useful for independent houses
than apartments
How?
On a residential unit you will be able to earn up to Rs.
30,000. The same flat, when rented on a commercial
basis, rental income can increase up
to Rs. 40,000 .
Change To Commercial4

7. Fully furnished
People are starting to prefer furnished flats over
unfurnished or semi furnished units. This is more
evident when it comes to bachelors and young
couples when shifting to a new flat.
Some features that can be provided are:
• A dining table, sofa(s) and cots
• TV, Fridge, Washing Machine and Microwave
• Wi-Fi facilities
• Provision for air conditioner
• Cable connections for TV
Providing Furnished Flats5

8. Freshly painted, neatly cleaned
flat
Studies have shown that tenants are more likely to
take a freshly painted and clean house, than a house
that has not been cleaned. This is because the
features offered by the flat are more evident in a
clean house making it easier for the tenants to
decide.
Freshly Painted And Cleaned6

9. Thank You
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