Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

I’d love to hear from others who have navigated similar challenges or have insights on improving profitability in the short-term rental space.

But we invested several years of blood sweat and tears to get things stabilized and learn the space before we turned them over to property managers. 

I’d love to hear about your vision and share ideas as we both grow in this space.

Welcome to the world of real estate investing, and congratulations on taking the first steps toward learning about this exciting space!

Those types of properties can bring in good returns, but the management can be intensive, and finding reliable tenants for both residential and commercial spaces might take some work.

Hi all,It seems we have found a property we are keen on in Peniche for investment in the Local Accommodation space. 

We are all in business and in that space building your investor base or client base is job number 1.

When it comes to AirBnB I have found its location, number of beds then amenities like kitchens and outdoor spaces that attract quality guests and demand higher prices. 

I am pretty active in the STR space in northen Utah.