22 November 2021 | 2 replies
For years we never included w/d (tenants are hard on that kind of stuff) but the last few years we started noticing more people asking if it was included, so a few years ago we had a property that had a difficult laundry room so we included it there and it went over great - so that's another area we've added.From what I have seen, more tenants are looking for "all accessories included" than "a la carte menu" leases.
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31 December 2021 | 43 replies
Best is to find that slight fixer with some value added. ie: CA zoning laws are allowing ADU's [accessory dwelling units] and even more aggressive laws are coming out next yearI take it even one step further and rent furnished rentals to nurses and other professionals.
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1 March 2022 | 3 replies
Before considering building an accessory dwelling unit in California I would definitely look in into the SB9 single lot split or multi family option.
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2 January 2022 | 6 replies
SCENERIO:Purchased an investment property in NY for $110k. 3200 sqft, 1600 sq ft basement, 3br 3bth w/ 1br 1bth legal accessory apt.
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7 December 2021 | 8 replies
Accessory Dwelling Unit.
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5 December 2021 | 1 reply
Buying a property with ONE mobile home as an accessory unit is next to impossible. 99% of lenders won't allow that.
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9 December 2021 | 2 replies
The house I currently own has a basement that is prime for a house hack (accessory apartment).
24 October 2021 | 7 replies
Quick definitions:- Mother-in-law: simply means the basement of a home has a kitchen, separate entrance, and a dividing door or something like that- Accessory Dwelling Unit: means the city has approved the ability of the owner-occupant to rent out a portion of their home.
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16 January 2020 | 2 replies
If my math is right you could almost double a properties income potential by adding an Accessory dwelling unit which will probably cost less than 10-20% of the initial home purchase price.Example:SFH purchase: $400,000 renting at around $2,100-2,500 (after about $5,000 updating)Garage Conversion: 25,000-100,000 (maybe less if I can find one with a bathroom next to the garage)1 bedroom renting near Fairfield CA: $1500 monthA lot of these numbers are idealized but this could bring the Property near to the 1% rule.400,000+25,000+5,000 = 430,000(2500+1500)/430,000 = .93%Now if we get this to work and we take it a step further and add a second ADU to the backyard for 100,000-200,000 we could add a 2 bedroom and add more incometotal cost: 430,000 + 150,000 = 580,000rent for 2 bedroom: 2,000Total income: 6,0006,000 / 580,000 = 1.03 %Do these number look relatively reasonable to anyone that has more experience with adding adu's in California?
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5 March 2020 | 10 replies
@Dakota MivshekI hear the same thing as @Lia Martinez about Accessory Dwelling Units (ADUs) in Denver ... that they're not a wise investment.