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Starting Out
HomeForumsStarting OutIs it worth it to convert Garage into a rental unit
Randall Re II's profile image
Randall Re II's profile image
Randall Re II
Pro Member
  • Rental Property Investor
  • from Colorado Florida Arizona Texas, Nevada and Ohio.
  • Member since Oct 9, 2020
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Randall Re II's profile image
Randall Re II's profile image
Randall Re II
Pro Member
  • Rental Property Investor
  • from Colorado Florida Arizona Texas, Nevada and Ohio.
  • Member since Oct 9, 2020
Connect
Randall Re II
Pro Member
  • Rental Property Investor
  • Colorado Florida Arizona Texas, Nevada and Ohio.
53
Votes |
116
Posts
Starting Out

Is it worth it to convert Garage into a rental unit

Randall Re II
Pro Member
  • Rental Property Investor
  • Colorado Florida Arizona Texas, Nevada and Ohio.
Posted Jan 14 2023, 05:13

I have a property in Port Charlotte Florida. The garage is seperate from the house and 720 square feet. What's the best way to figure out if its worth it to convert it or not? I see the market rental going through the roof to $2200 a month to up to $3500 a month and currently have a 5 bedroom, 2 bath, 1600 square feet plus the garage on a huge lot and have to bring in more money because of insurance and taxes increases. 

Cape Coral, Florida
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