In my state you are responsible for paying for three months of storage.

The big item to ensure if you get a gas or other underground storage user: that they remove and clean the site after the lease ends. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

https://nbc-2.com/news/local/l...The city council is considering a halt to new self storage facilities until January 2024

Long-term retention is more valuable than the rent you would otherwise collect for simply garage storage

Think about: zoning, dual metering, dual electrical drops (maybe), parking, (if a well or septic can it handle the extra load).Regarding the value add or the rental increases, it's best to talk to a couple of (very successful) Realtors who have worked the area for some time and get their input on this, so you can make an intelligent decision.Just asking for some rule of thumb on the internet is probably not going to give an accurate number for your neighborhood and individual SFH.And since such a conversion will result in a lot of lost storage area, will you need to offer tough sheds or the equivalent to make the units compete for market rent?

Add space you can charge for storage or parking, measure costs exactly, buy in markets that are stable...

Same question for the Self-Storage and Reliant Investments?  

Some of the potential areas for value add include:🔒 Creating basic individual storage lockers/cages for extra space to rent for each unit.

Wouldn’t this also apply to storage units?