I think 500 dollars is a good number to market with every month, but ultimately I came to the conclusion that we live in a time where you can tell people exactly what you want or expect so that way your dont waste either parties time. 

It's a win-win for both parties involved.

Hi Ann,You can get a BPO and O&E for a bit less than FCI charges if you go direct to a third party provider.

I guess i might be little late for the party ...but better be late than never :-).

I know on BP they always say don't rent to family and friends and for the most part I agree but to your kids especially when they are responsible and in college I don't see an issue.

And of course the seller knows his estimate will never happen, so the difference in between will be the room of negotiation for both parties.

I would have contracts in place to protect the interests of all parties so everyone is safe, secure and profitable.

I'm betting there are zoning requirements for renting the storage unit out to another party besides the home tenant.  

In regards to your concerns, you should put together an MOU regarding the terms of your agreement with performance clauses protecting both parties, and eventually lead to a JV agreement.There are several other methods to protect yourself as well as the owner/seller, however, too lengthy to write about.Don't be too greedy, otherwise it will limit your relationships and longevity. 

Seemed like every job was outsourced to a third party and information was never relayed correctly.