Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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.
New Jersey Real Estate Q&A Discussion Forum
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 about 5 years ago on . Most recent reply

User Stats

282
Posts
116
Votes
Kevin Zolea
  • Rental Property Investor
  • Collingswood, NJ
116
Votes |
282
Posts

Garage rentals in South Jersey?

Kevin Zolea
  • Rental Property Investor
  • Collingswood, NJ
Posted

Hi all,

I'm about to go under contract on my first property (hopefully...there have been some hiccups) in Gloucester City. It's a duplex that I will be house hacking. Both the listing agent and my agent have said that I can rent out the garage (single car detached) for anywhere around 100-200 per month. I tried looking on Facebook Marketplace, Craigslist, etc. to see what's out there but I haven't found any garage rentals in the area. I'm curious to see if anyone else has done this and can share their experience or can shed some light on the topic. If I can do this it can significantly make this a way better deal and would be the icing on top!

Most Popular Reply

User Stats

750
Posts
386
Votes
Vaughn Smith
  • Lender
  • New Jersey
386
Votes |
750
Posts
Vaughn Smith
  • Lender
  • New Jersey
Replied

@Kevin Zolea rental garages can be a good value add, I've had clients rent out garages with success just make sure that the structure is sound and that you can prevent their property from being damaged by rain, rodents etc. My advice would be to run an ad on craigslist and locally, see if there is any interest, anyone who reaches out is now a rental lead, if no one is interested then garages might not be a viable income source for you.

Loading replies...