Basement apartment opinions

[Chad Lundquist]

Hey BP family, we've decided to add a basement apartment to our house and we're trying to decide if we should go with a long-term renter or if we should try short-term (think traveling nurses / doctors, not Air BNB) and fully furnish the apartment. If anyone has done this and has any suggestions / comments I would love to hear them.

Also, if anyone has added an apartment in the basement as an Income Property and dealt with their electrical box in the apartment how did you handle this. It's the only hang-up we're having is that the electrical box would be in the walk-in-closet of the apartment. Please advise if you've come across this and how you handled it or if you have any suggestions.

Thanks in advance for any input.

[Zambricki Li]

I use "furnished finder" for travel nurses and have a basement unit in asheville on the site that does very well. Nurses are never there just needs to be dark and quiet so they can sleep.

I love the mid term rental it's a nice balance between LTR and STR. Your furnishings so you can easily host fam if needed and you get it back in 3 months.

As for access to panel--non issue just put it in your lease that you retain access to it when needed.