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Updated about 3 years ago,

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Devon Butler
  • New to Real Estate
  • Georgia
0
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Calculate reduction in rent for storage removal

Devon Butler
  • New to Real Estate
  • Georgia
Posted

Hello,

I recently purchased a property and noticed that the landlord included storage in the garage for two tenants. The property consist of three units and I am occupying one of the units. I need to convert the garage to an ADU which requires that the other two tenants remove their property from the garage. How do I calculate the corresponding reduction in rent for the reduction in storage space.

Property is approximately 1900 ft.² of living  space. The garage is approximately 500 ft.². One tenant pays $2100 a month and the other pays $800 month. 


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