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Updated 3 months ago on . Most recent reply

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Eddie Liz
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1
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App/Platforms to list garage conversion

Eddie Liz
Posted

Hi Everyone!

First time poster.

Back in July

my wife and I purchased with a SFH that contained a garage conversion. When we purchased the property we inherited the tenants that were leasing out the garage conversion. They were on a year lease and paying above the market rent for the space. Their lease just ended and they notified me they will vacate.

My wife and I cannot make the mortgage payment with out the rental income. What are some options for MTR rentals for this space. I cannot use Airbnb since it turns out the conversion is unpermitted and my city requires STR registration. (I was communicated that their was a kitchenette permit pulled for the garage by my real estate agent during the purchase process. )

Any suggestion for temporary solutions for this would be greatly appreciated.

Most Popular Reply

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61
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34
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Sylvia Santelli
  • Property Manager
  • Dallas, TX
34
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61
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Sylvia Santelli
  • Property Manager
  • Dallas, TX
Replied

@Miguel Del Mazo advice is probably a really good approach. Talk to a lawyer.

If you get in trouble with your city you won't be able to rent it out now or later. It also makes it harder for other operators down the road--- not your main concern but we all impact each other.

What about you and your wife live in the garage unit, and rent out the house for a lot more, at least until all this permitting is figured out. I imagine owners can live there, you just can't rent it.

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