Adding storage sheds to 7plex

[Juan Rodriguez]

hi, 

Buying my first 7-plex in FL (already have multiple duplex) and there is some space to add few pre-fabricated shed storage units. 

The rent per unit (1/1) is around 850-1,000, and planning to charge ~$50 per month per shed unit. 

Has any of you done something like this before?, or you feel it's more hassle (liability, tenants complaints, etc) than benefits?

Thanks  

[Chris Mason]

If we assume that once in a while things will not go 100% perfect with one of these small $50/mo storage units... is this really worth your time?

$50/mo is 1/20th of $1000/mo. But will it be 1/20th of the effort? Is the "will you please work with me on the rent" conversations be 1/20th as frequent or 1/20th as long or 1/20th as dramatic? 

The cost to "evict" may actually be 1/20th since 'stuff' doesn't have tenant's rights the way a residential tenant does, but the entire other basked of 'stuff' to deal with seems like it might be closer to 1/2 or 75% of the 'normal' level of time/attention/etc that you as the landlord have to deal with.... but you're only getting 1/20th the income.

Unless of course you are going to tie these to the 7 units themselves, and moving forward every time there is a vacancy, include the storage with the unit as a bundled pair, and increase the rent accordingly. That, I could see making sense.