Owning rental property can be a lucrative venture if you do it right. It can provide you with a steady income and numerous financial benefits. As a landlord, you have the potential to generate consistent cash flow every month, as well as help you build long-term wealth. That said, while raising rent may seem like an obvious way to boost profits, it's not always the best approach. Tenant turnover and legal restrictions can hamper your efforts to raise rent. Fortunately, there are alternative strategies to increase rental income without resorting…