Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago on . Most recent reply

User Stats

10
Posts
5
Votes
Drew Forte
  • Investor
  • Lebanon, OH
5
Votes |
10
Posts

Additional Rent Revenue

Drew Forte
  • Investor
  • Lebanon, OH
Posted

I currently have a 65,800 sq. ft. warehouse with four tenants. One of my tenants has asked if they could put a storage unit outside behind their space since they are out of space. Would it be unreasonable to charge them a fee although they would be getting the storage unit? My thought is there will be wear and tear on the concrete. Trying to understand if this is a good idea and if I could possibly create a little extra revenue. I'd appreciate feedback/advice. Thanks. 

Most Popular Reply

User Stats

104
Posts
26
Votes
Parker Fairfield
  • Rental Property Investor
  • North Conway, NH
26
Votes |
104
Posts
Parker Fairfield
  • Rental Property Investor
  • North Conway, NH
Replied

@Drew Forte
I'm guessing that @Ronald Rohde and I share the same perspective 

My thoughts:

  1. By allowing a storage area on your lot -you'll ultimately be responsible for any theft, etc. 
  2. By allowing your tenant to install whatever, you have less bargaining room when any next tenant installs whatever too 
  3. If the tenant doesn't do it to code, it'll be your fault first
  4. The tenant is going to do a 1/2 *** job - you'll pay more and end up with a proper structure
  5. Why would you want to lose the revenue stream?

    I highly suggest you get in touch with your network and find out building code, what sort of structures you can put on your lot, and what the safest, best options are

    **NOTE** A container is NOT a secure choice UNLESS you take pains to make it secure. AND you can NOT put an additional roll up door in its side and call it secure.  I had one when I ran the roofing company - and someone (one of my guys? maybe) backed a pickup truck with a 2/10 in its bed into the roll-up garage door ripping it off its roller track... 

Loading replies...