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Updated about 7 years ago on . Most recent reply

Ryan Crowley's profile image
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Ryan Crowley
  • Rental Property Investor
  • from Bloomington, IL
  • Member since Jun 18, 2017
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Ryan Crowley's profile image
Ryan Crowley's profile image
Ryan Crowley
  • Rental Property Investor
  • from Bloomington, IL
  • Member since Jun 18, 2017
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Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
17
Votes |
26
Posts
General Landlording & Rental Properties

Renting out basement for storage

Ryan Crowley
  • Rental Property Investor
  • Bloomington, IL
Posted
I just got a 3 unit property under contract. The property has a ton of space in the unfinished basement as well as it’s own separate entrance to the basement (therefore not disturbing tenants). So to maximize cash flow, I would love to rent out the basement for storage space. Have any of you done this before and did it work out well for you?
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Eileen Murray's profile image
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Eileen Murray
  • Real Estate Agent
  • from Niagara County NY
  • Member since Nov 8, 2017
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Eileen Murray's profile image
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Eileen Murray
  • Real Estate Agent
  • from Niagara County NY
  • Member since Nov 8, 2017
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Eileen Murray
  • Real Estate Agent
  • Niagara County NY
77
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121
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Eileen Murray
  • Real Estate Agent
  • Niagara County NY
Replied

What about renting it to a tenant? Maybe they’d like additional storage. 

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