Need Help from Roy, UT Investors

[Jake Serdar]

My wife and I are making the plunge and buying a house. My plan is to find a house that we can be rent out the basement and help pay for the mortgage. Some of the houses that fit that criteria are in Roy. My question to those who own investments in Roy, Utah is what are you seeing with rental rates, vacancies? 

[Jeffrey S. Breglio]

Jake. Definitely contact the city and ask about zoning. Many "basement apartments" were never approved by the city for rental even though they are fully independent. And most "mother in law" apartments cannot be rented to third parties. Getting caught depends on how you market and your neighbors. But if caught, the fines can be pretty stiff. I've seen a fine of $25 - 50 a day until you get the tenants out. And remember, you will have to find them a place to live if you have to kick them out.

Jeff