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Updated over 10 years ago,
Renting garage spaces separately from duplex
I'd appreciate some input.
Some initial rambling: I have a detached garage on my duplex rental property that I've not yet rented out -- so far I've been using it for rehab staging/storage. It's a small 2-car with 2 doors, divided by a central full-height interior wall down the center. My duplex is a side by side -- the garage was set up for one garage stall for each tenant.I need to do some work on the garage, including paint and garage doors. The house and neighborhood is Victorian -- the duplex is an American Foursquare style built in 1900. The garage matches the style of the duplex.
What are your thoughts on this: I've considered renting the garages out separately from the duplex, and with a separate lease for each garage stall. Here's the reason -- the one long-term tenant will definitely not be interested.
Also, given a very quick check of the local market, I may get $75 / garage +/-...? Many of the nearby Victorian houses don't have garages, or they are the really tiny ones originally intended for a carriage. I could probably rent both quickly.
Thanks in advance.