Renting Detached Garages (in Philly)

[Michael Lenahan]

Can anyone share their experience with renting out the detached garage(s) that may come with a SFH purchase?

What are the things to consider before investing?  

I'm a buy and hold investor in West Philadelphia.

Thank you.

[Neal A.]

I love small garages and have never had issues renting them out separately or as value adds to a current SFH. I prefer separately. Philadelphia can vary heavily street by street and so can the rental prices on a garage shift as well.

The tenant is also provided less protections than in a standard residential lease. 

One important distinction to make is whether or not the garage has electricity or has any form of climate control and how those bills get handled.