Room and basement rental

[Keila Rosario]

Hi guys, I’m new to BP and I am so excited to have joined. I want to start investing in real estate in about 6 months. My partner and I have been looking at multifamily properties, and I was wondering if there are any legal issues with renting out rooms instead of units and also renting out finished basements in CT or NYC? Any advice and or tips are greatly appreciated. Thank you Btw I am currently working on getting my real estate sales person license in order to learn more about real estate...

[Raul R.]

@Keila Rosario Most basement rentals in NYC are illegal, but as im sure you know many do it. Typically its no Issue untIl you have to do an evictIon or when cIty fInds out. https://www.citybuildingowners.com/rules-for-new-york-city-basement-rentals/ Read the article should have the details you are looking for..