All Forum Posts by: Juneka Roswell

Quote from @Matthew Paul:

Sub meter the electric for the rear unit .  If I were renting the main house I certainly wouldnt want to pay the other tenants electric .  

The market sets the rent price , too high and it wont rent , lower the price and it will . Right now its making zero dollars . You can lose thousands a month or hundreds a month . Pick one 

 How does the submeter work? I will have to look this up to understand. The submeter would seperate the usage, i understand. But would the utilities stay in my name or go in the tenants name? How would the other unit be alerted for how much they owe?

if there is a seperation for electricity shouldn't there be one for water as well? Which im assuming works in the same way.

Quote from @Steve K.:

Assuming you've considered short term rentals? Long term tenants may be put off by being close to the other unit, but short term guests probably not so much. Or if you can't STR due to restrictions, what about medium term furnished? You can share your listing here and get more specific feedback.

I sent a message to the PorchLight Real Estate Group contact you sent above. The message contained the listing of the home. I have not tried medium or short term rental or room rentals. I was thinking about this but would prefer some guidance in this area before exploring. A property manager that specializes in this area would be ideal.

Quote from @Eliott Elias:

Look into affordable housing, HUD & section 8.

I guess my post was too lengthy lol I apologize for that. At the bottom of my posts it says section 8 is priced too low. I will look into HUD. Thank you

Quote from @Scott Mac:

3 br 1 bath SFH with another rental in the backyard, a studio.

Everything will rent at some price point.

I wonder how low you will have to go.

Great question and thank you. So I just want to be clear on the make of the house. It's 2 units, shared by a wall. Private entrance and private backyard for both.
As a 4/2 the house was priced too low for renting but as 2 seperate units we could pay the mortgage, other expenses and make a profit. Currently if we go any lower something would have to give and the PM would be the first to go. This would be unfortunate as this is our first time doing this and scary to tackle on our own in a tenant friendly state

Quote from @Bill B.:

I assume you’re using a PM so you didn’t just price it wrong or use bad pictures. Ask them what they think he problem is, how long they think it will take to find a qualified tenant and how much lowering the price would help. 

If you’re not using a PM I’m going to guess price or marketing (pictures or sites chosen). This is still a possibility with the PM especially with a “unique property”. But at lest it’s not your fault then. 

Can I ask why you built such a niche property? Was the plan to rent it out and then move in later? It sounds like you spent more to make it less desirable. Can you “unconvert” it?

 The PM suggested to continue to lower the price. Any lower and we aren't able to afford a PM.

when we purchased the house as a 4/2 renting it as such wouldn't rent high enough to cover the mortgage. But converting into 2 units would cover the mortgage and would make enough to make a profit if priced right. 

The complaints about the property are also mentioned above: 1 bathroom, area, and another tenant in the back. Both units have there own backyard and entrance. However they do share a wall.

i hope that made sense. 

Quote from @Trevor Richardson:

I don’t think market rate tenants have a lot of needs for a granny unit. It’s unique so may take longer to rent. 

We're renting the home as 2 different units. So a studio and a 3db 1 bath. Although the thought for a 3/1 with granny suite isn't a bad idea, the area isn't priced high enough for me to rent it as such. I hope that makes sense. Thank you for responding.

Looking for advice. We currently own a 4bd 2ba single family home. We constructed the home to add a granny suite. So now it's a 3bd 1ba and studio granny suite. It's time to put on the market and we can't get the home rented. Potential customers are saying, they don't like the other unit in the back, they don't like the 1 bathroom, or don't like the location.

the house had been on the market more than 30 days. I need advice on how to get it rented out.

I have no issues sending the ad to whomever wants to see. Please help.

Military housing won't take it because the house is on one meter and say thd tenants will complain of the cost of utilities. Section 8 is paying to low.