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LANDLORD'S ROLE IN NEIGHBORHOOD DEVELOPMENT | By: Fellow GDREIA Members

LANDLORD'S ROLE IN NEIGHBORHOOD DEVELOPMENT
By Al Williamson
 
Improving your neighborhood and increasing YOUR cash flow can start with little things. Keeping the front yard at your rental groomed is one step in neighborhood development, but you can be way more effective.
 
Working beyond your rental's property line is where the action is. Provide a little leadership and organize inexpensive neighborhood activities. This is the fastest and cheapest way to increase demand for your rental property. Imagine spearheading or supporting an annual gathering in front of your rental. You don't need to throw a National Night Out party as elaborate as what I do--but you do need to do something.
 
It doesn't take a lot of money; but it does take a lot of heart! You'll be amazed at how happy people are just to do a skip rope contest and toss water balloons with their neighbors. It gives them a fresh reason to connect.
 
Neighborhood development doesn't have to be a fuzzy thing that only non-profits take on. Landlords can drive the process with freeze dances and relay races. When you think about it, in the form of higher rents and happier residents, landlords are paid for their community service. Imagine that!
 
- By Al Williamson, author of Building Wealth With Inner City Rentals, and a regularly featured instructor at our Landlord Convention. 

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