Adding storage buildings to 4plex pros & cons

[Carson Plant]

Thinking about adding storage buildings to a 4plex we have due to renters needing more space and wondering what size and how much you should charge. Do you rent them out separate with a lease or do you add to the monthly rent? Are there pros and are there cons to doing this?

[John Warren]

@Carson Plant if you have the space and you can get a bit for them why not? I would focus on how long it will take to recoup your investment. Honestly, if you have a lot of unused space, I would make the storage units a decent size so your tenants are getting a lot of value in return for their money.