Jonathan Taylor Smith
Charging extra for basement "storage"?
I notice on the BP Rental Property Calculator there is a field for "Other Monthly Income" and the question mark icon gives "extra storage" as a possible example of such other income...I have a 3BR / 2.5BA Townhouse fo...
Michael Doherty
Bought MFH- Possible Extra Income Through Storage Fee
Hello all,I am recently about to close on my first MFH (house hacking). Currently, the seller has his trailer on the property not obstructing anything just simply taking up room in my future yard. I thought why not as...
Jonathan H.
Ideas to repurpose extra storage room in triplex?
Hi all,We are acquiring a triplex in Washington State which has an extra 20'x12' space. It has historically been used as a storage room for the owner, but we would like to repurpose this room in a way that increases N...
Al Williamson
Creating a Rent-Independent Multifamily Apartment
Have you ever heard of a multifamily landlord paying their 80% LTV mortgage with "other income" and banking their rents? I'm consumed with the idea and have to solve this riddle.
How could a multifamily owner use the...
Domenic Santarelli
Renting out storage shed in yard
What is everyone’s take on renting out a storage shed in backyard of a duplex, Would you only limit it to your tenants or anyone who would be interested ? Backyard layout is open no fencing and access from the back so...
Anthony Simboli
Purchasing an automotive garage / store front!
Hey BP,Wanted to start a thread and hopefully gain some insight into folks who have purchased large automotive garages or garages with store fronts. I've only dealt with multi families at this point but I'm currently ...
Matthew Paul
Garage as second rental on property
I have a small building on a property thats already a rental . It has a full bath, and seperate meter . It is small 22 by 22 ft . I want to do something different . I am going to renovate it as a studio for artists. ...
Adam Furman
Taking down shed = Extra off street parking, but what about Storage?
Hi All,I have a rental property (3bd, 1.5bath) one block from VCU. Off street parking is a nice selling point for this property and currently we have 2 and the potential for a 3rd. In order to have that 3rd parking sp...
Season Price
Adding storage or RV spots to rental properties for extra income?
Has anyone bought an investment property and then added sheds for storage or RV spots with hookup for extra income? I am looking at a property where this might be possible. Aside from permits and zoning, what are some...
Andrew Sprague
Tenant Self Storage in Extra Rooms of Owner Occupied Multi Family
In an effort to maximize income on a small Multifamily property I’ve been thinking creatively about how to add value and sweeten the deal for a good tenant.First a couple of assumptions.1) Traditional 9/3 triple decke...