Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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.
General Landlording & Rental Properties
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 almost 9 years ago,

User Stats

723
Posts
680
Votes
Jonathan Taylor Smith
Agent
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
680
Votes |
723
Posts

Charging extra for basement "storage"?

Jonathan Taylor Smith
Agent
  • Rental Property Investor
  • Durham / Raleigh (Triangle), NC
Posted

I notice on the BP Rental Property Calculator there is a field for "Other Monthly Income" and the question mark icon gives "extra storage" as a possible example of such other income...

I have a 3BR / 2.5BA Townhouse for rent @ approximately 1600SF with an 800SF partially finished basement. Sites like Zillow and RentOMeter say that my ask of $1400 for rent is near the top of the market for the area, but still reasonable for a unit of this size - and that is even without the basement.

So does the basement effectively get thrown in for free? Or is this a scenario where I might legitimately charge some small extra amount for the basement (such as for storage) - or otherwise just keep it locked off separately from the rest of the house? This may be a stupid question, as I'm not seeking to do anything unethical... Its just my first unit with a basement and its so big. And HOA / Zoning does not allow the basement to be finished into a separate multi-family unit - or I'd certainly do that!

  • Jonathan Taylor Smith
business profile image
Blue Chariot Realty & Management
5.0 stars
8 Reviews

Loading replies...