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.
Multi-Family and Apartment 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

9
Posts
0
Votes
Jeff Cooper
  • Rental Property Investor
  • Franklin, MI
0
Votes |
9
Posts

Open common garage - 6 units, 6 garage doors

Jeff Cooper
  • Rental Property Investor
  • Franklin, MI
Posted

I've got a multifamily with a large open garage area, with 6 separate garage doors (one for each unit).

Currently, the garage is a single large open area.  Problems include:

- some garage doors have openers, some don't.  None of the openers are operational currently.

- some tenants use their respective space to store personal property.  Some don't use at all.  

- No current secure areas - just big open room accessible by all tenants.  if one tenant leaves garage door open, access is to entire area

No extra rent charged for garage space - inherited leases provide tenants with access and rights to garage no charge.  

I'm looking for some ideas for how to maximize use of this space and bring value add to tenants and income.  There is enough outdoor, uncovered parking for tenants outside of garage (they park outside of garage now).  

- charge incremental rent for space?

- deal with security - build walls to separate parking areas (not much internal room for this)

- convert all into locked storage space with garage doors and charge extra?

Any thoughts appreciated.

Jeff

Loading replies...