Only knock out a wall if it will add another bedroom (higher rent), if you're updating the kitchen, focus on storage space or updated appliances.

My current interest are to own and invest in Multi Family Apartments, Mobile home parks and Storage facilities.

I was looking at some self-storages there briefly.

they take the value of the land, which they determine from land sales, add what it costs to build the building, and deduct the "depreciation" (ie adjust for age and market conditions) An example of non- age depreciation would be having a silo on a farm where all the local farmers have changed their system to bunk storage) Ie the Silo may have cost $20K to build, and it may be brand new, but the cost to operate it is much higher than using a skidsteer to drive through the barn with scooped up cow food.I digress,So that's the tax assessment process, but all the tax assessors is worried about is the value of your property RELATIVE to other properties that they are taxing.

This year I'm giving $50 dinner gift cards each to:- my main handyman, who has helped renovate 8 units this year, plus bailed me out when a tenant's fridge went out when I was on vacation and the spare new fridge was in a storage unit.- the HVAC guy, who I count on to fix my tenants' furnaces and A/C the day they go out, and has very reasonable pricing- my plumber, who has unclogged many a drain, changed hot water heaters post haste, and changed garbage disposals and faucets when needed, so I don't have to.- my painter/drywall guy/cleaner husband/wife team, who charge me the same whether it takes 1, 2, or 3 coats of paint to cover the nasty colors a former landlord allowed- the floor refinishing guy, who has done a good job on 8 or 9 floors this year.

Hi Susan, Not sure all these fall under analysis category, but here's what I typically use for my properties:Buildium.com (mgmt)Dropbox (storage/docs)Propertystick.com (property analysis)Landlordology.com (good blog)Craigslist (a must!)

Depending on the width and depth it presents different limitations on storage of lawnmowers, bikes, shelving, workbench, etc.Thoughts?

If they still don't leave after that then you will have to have the marshalls come with movers they specify and move all their belongings to a town storage for auction.

If you want the garage for personal storage see what it would cost you for that at a storage place in your area.

Currently all of the residents use the upstairs for storage (although they are all elderly couples so no need to climb the stairs).