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Updated over 4 years ago, 06/19/2020
Backyard shed cash flows $2k+/month
My agent thought I was insane when I wanted to buy the house everyone else had overlooked because of the *five* structures in the back yard. (So many sheds!)
Well, I’m the crazy person with a creative vision and where most people saw trash they’d have to clear out, I saw opportunity. After assuring everyone I was sure this was a good one and signing closing docs, I immediately sold two of the sheds on FB marketplace (for just under $1k), rented the shipping container for storage use ($200/mo), and turned the largest unit into a cute casita which currently rents on Airbnb for $2,000+/month (more than covering my entire mortgage).
I got a lot of weird looks when I started this project, but now that it’s done I get endless compliments and questions asking how I built a shed into a tiny house that was featured on Apartment Therapy.
I love dreaming of wild ideas to maximize and monetize underused space, to make it beautiful and profitable. Do you have a garage, shed, warehouse, empty basement, etc. that you’ve thought about converting into a cash flowing property? I’d love to hear more about your project!!