Biggest downside I see: you are now sharing the property with renters.

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Jan 15, 2021
12:03:03pm

Bandit Redshirt Freshman

Biggest downside I see: you are now sharing the property with renters.

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Bandit

Bio page: Bandit
Joined: Aug 27, 2020
Last login: Jun 10, 2024
Total posts: 1,200 (3 FO)

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Messages

Author

Time

Looking for downsides: I'm seriously thinking of finishing my basement and

Spine

1/15/21 12:00pm

Besides the MIL?

1/15/21 12:01pm

Being a landlord and living right above the tenants

rggee

1/15/21 12:02pm

You have a basement, so I assume UT? Been in real estate rentals nearly 50 years

grandpacoug

1/15/21 12:11pm

Good take. I can see that being an issue.

Spine

1/15/21 1:15pm

Biggest downside I see: you are now sharing the property with renters.

Bandit

1/15/21 12:03pm

Do you want to have another family living below you every day? That’s one.

1/15/21 12:03pm

Renters actually paying rent may be a big incorrect assumption. Seems like there

StutterOfTheCougar

1/15/21 12:08pm

Not being able to evict would be the biggest issue for sure. That is why I'm

Spine

1/15/21 1:17pm

Just be sure to screen your renters really well.

MrTootles

1/15/21 12:09pm

Have you considered the parking situation?

Coach's Dad

1/15/21 12:09pm

My parents turned their basement into a MIL suite

donnerstag

1/15/21 12:10pm

Aren't extended families fun sometimes . . .

85fan

1/15/21 12:13pm

Your parents need to get a backbone. That is garbage.

Ycrazy

1/15/21 12:19pm

I'll happily take Grandma in. However, it should not feel pressured like that.

Spine

1/15/21 1:14pm

How a similar instance where my wife took care of the Gma for years.

Bin01015

1/15/21 1:23pm

None. And do it yourself for WAY less than 50k.

Adwight

1/15/21 12:12pm

I was just about to say 50k seems really high for 600 sq. ft.

volleyjiver

1/15/21 12:17pm

It includes another 400 sq ft that won't be in the apartment and adding the

Spine

1/15/21 1:18pm

I finish a lot myself. However, I recently hurt my back seriously and have been

Spine

1/15/21 1:19pm

we did this in Oregon. Then we found out that our area was zoned against

Cougarclaw

1/15/21 12:17pm

Good advice, thank you!

Spine

1/15/21 1:20pm

I don't want renters in my basement.

1/15/21 12:27pm

Two things to think about:

1/15/21 12:43pm

I agree. I'll have a "permanently" locked door between the two sides. I think I

Spine

1/15/21 1:22pm

If you live in Vineyard please don’t rent it out. My neighborhood is being overan by people renting out their basements.

Nuke

1/15/21 1:03pm

I'm not there :D. I have a third car garage they can use and I have grown up

Spine

1/15/21 1:24pm

Hopefully the master bedrooms are sound proof.

Dynomite

1/15/21 1:10pm

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