Convert Unused Space in Your Home to a Separate Rental Unit
We enable homeowners to generate a stream of rental income from their existing property by converting a small portion of their home to a studio or 1 bedroom rental unit.
Services
We are a turnkey service provider covering all steps of the process from evaluating your property to sourcing renters and property management. Our services include:
Property inspection and evaluation
Apartment design & financial modeling for lowest cost conversion and maximum rent
Permitting & contractor management
Finding renters & property management
Benefits
Earn rental income while staying in your own home with complete privacy (earn enough to cover your mortgage and more)
Completely separate living quarters, kitchens, and entrances
Low renovation costs for positive cash flow on day one
Increased property value
More secure future with reliable passive income
How it Works
We provide a free assessment and consultation to determine if your home is a good candidate for generating rental income with minimum renovations
If your home is a candidate, we create an optimal rental unit design that minimizes costs, maximizes potential rental income, and meets all codes and ordinances
We manage renovations and any required permitting
You receive a monthly rent check while we manage the property and handle all tenant interactions
Frequently Asked Questions
Q: How much rent can be generated?
A: Rental income will vary by market. Some one bedroom rental units can earn up to $3,000 per month.
Q: How much does this cost?
A: The rental unit conversion cost is unique to each home. However, we keep costs low by using the home's existing floor plan as much as possible. We work with clients to provide an accurate assessment of costs before any commitments are made.
Q: Can the rental unit conversion be financed?
A: Yes, there are multiple financing options available. Because we utilize existing space within the home, any cost of financing is small compared to the monthly rental income.
Q: Are permits needed?
A: Permit requirements will depend on the location of the home and the extent of renovation required. We handle all permits and ensure the project is completed to code.
Q: What if I don't like the tenants?
A: The homeowner has complete control to terminate the lease if desired.
Want to Learn More?
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