For many first time landlords it is important to keep a strong flow of income from your rental property. To keep your rental income at its’ peak it is important for you to keep your tenants as happy as possible. A sure fire way to maximize your rental's square footage is to have adequate storage for the tenant.
That being said, adding additional storage may sometimes be difficult to find.
Below are some suggested areas and examples where landlords can find additional storage space in your rental property.
Garages have valuable space that can be used for more than just storing the tenant’s vehicle, which in some cases due to the size of the garage may not accommodate larger cars. In this situation we would recommend adding overhead storage such as racks mounted on the studs and ceiling of the garage. For less than $150 Home Depot offers a Gladiator branded storage rack with a 350lbs capacity.
A more budget friendly option are storage shelves. Though they have a smaller weight capacity of storage they have more surface space without drilling through the rental’s garage. These shelves can be plastic or metal ranging from $30 to $70 depending on shelf material and brand.
Many landlords may be surprised as to how much space is not being used in closets. A great way to make a closet feel larger than it is is by making sure there is shelving over the closet rod. By dividing the section to multiple tiers it will increase the surface space and therefore increase storage.
The addition of a second closet rod, lower and staggered from standard rod doubles the amount of clothing that could be stored as well.
Shoe shelves can also be added to the lower area of the closet. Shoe organizers can be purchased online for as little as $50.
Shelves inside the living space can be an amazing source of storage, one thing to consider though is the location. Many tenants may not want shelves all over the home because it may be intrusive, cumbersome, or actually make the place even messier.
One of the best places to put shelves is in the laundry area. Adding shelves is a helpful solution to the challenge of storing the bulky detergents or large fabric softeners. An additional benefit to these shelves is you can store items that aren’t needed for immediate use such as Christmas decorations or winter clothing.
Don’t have a laundry area for storage? That’s ok! Look for the odd corners, the protrusions from an over extended door, or those nooks and crannies that seem out of place. These are the ideal places to place shelves for any additional storage needs.
A storage shed is probably the most convenient way to add a large amount of additional storage, all while not taking up any living space.
There are a variety of different options for sheds ranging from small metal sheds, to larger more elaborate wooden sheds, so finding the one to fit your rental property is important.
For smaller locations you can add about 52 cubic feet of storage with a Hanover metal shed starting at $240 from HomeDepot. While there are larger sheds that can cost over $800 that have a storage capacity of over 100 cubic feet.
When it comes to adding storage to the property of your Long Beach Rental there are many items to consider. To help you understand how storage can contribute to the longevity of your tenants property we invite you to call us today at (562) 888-0247. Or if you prefer a complete evaluation of your property we invite you to fill out our
Free Rental Analysis.
