Master Real Estate Investment Loan DSCR Strategies Today
Strategies to Improve Your DSCR
Improving your DSCR involves both increasing your property's income and managing its expenses. Here are some effective strategies:
1. **Increase Rental Income**: Consider renovating units to justify higher rents or introduce additional income streams such as parking fees or laundry facilities2.
2. **Reduce Operating Costs**: Implement energy-efficient upgrades to lower utility costs or renegotiate service contracts to reduce expenses3.
3. **Refinance Existing Debt**: If interest rates have dropped since you took out your loan, refinancing can lower your monthly debt service, thus improving your DSCR4.