Need Creative Ideas to Generate Income With Unrentable Units

[Bill Manassero]

Hi.  I've got a 22-unit apartment building in Indianapolis (17 studio units and 5 1 bed/1bath units) with one, possibly two unrentable units, both are small (475-500 sq feet) 1 bed/1bath units, located in near basement level of three level building.  Both are pretty dark with limited light.  One has the main water shut-off value for entire building as well as the sewer clean-out access in a closet. The other is right next to the other unit but next to the boiler room.  It can possibly be rehabbed and rented.  I'm bummed that I'm losing the income of the units but hoping I can find another possible creative way to still produce some income from the 2 units.  So far, I'm considering building secure storage closets in one of the apartments or storing furniture for rent.  That's alI I have.  Have any of you heard of or implemented other apartment unit conversions for extra income?  Would love to hear your creative ideas.  Thanks.

[Brandon Battle]

Do any of the tenants have a home based business? You could rent it to them as a private office.Rehab them a little and find two section 8 tenants who would be grateful for them.Are you near a college? Some kid is always needing a cheap room so get some low cost furniture and rent it out as a cheap dorm room.