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Commercial Real Estate Investing

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Gregg Reinbold
  • Rental Property Investor
  • Jersey Shore
22
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54
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Charging yourself rent??

Gregg Reinbold
  • Rental Property Investor
  • Jersey Shore
Posted May 24 2015, 13:57

Do I charge myself rent for storage?   I am storing equipment in a 40 X 110 foot building on my mixed use commercial property.  The building would rent for around $1,500/ month.  Do I need to write myself a rent check every month to prove income from the property for future refinancing purposes? 

I plan to refinance the property in a couple years and what to be able to prove positive income stream

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