If you’re aiming to attract higher-paying renters, consider going taller (10-12 ft) for flexibility with larger items or small vehicles—this may boost interest and rental rates.

I’m considering selling and using the proceeds to reinvest in a long term rental closer to where I live but before I do, I am curious if you think a rental management company may be able to help boost rentals, thus making this a profitable property? 

This documentation will be helpful if you ultimately decide to charge the tenant for repairs.

Ultimately, this isn’t just a moral question; it’s about ensuring clear, documented terms to avoid issues down the line.

If you’re aiming for a stable, hands-off income boost, this might be the way to go, especially with the cost being relatively low compared to other investments and being in an expensive market. 

Whether an appraiser includes basement living space ultimately depends on which state you live in.

Since repairs are essential, doing the HVAC and roof as cost-effectively as possible will boost rental value and make refinancing smoother.

I was thinking about trying it to maybe boost bookings for our Wisconsin property. 

Thanks allI think this ultimately comes down to the following: Will your return on investment be better with a new purchase than your current return on equity for that $200K?

Strategic, targeted renovations focusing on market appeal significantly boosted value and rental income.