Adding storage or RV spots to rental properties for extra income?

Question

Has anyone bought an investment property and then added sheds for storage or RV spots with hookup for extra income? I am looking at a property where this might be possible. Aside from permits and zoning, what are some other considerations I should think about or issues you might have run into? Thanks in advance.

Matt R. · Answer

I'm assuming this is some kind of a residence, with a big lot for the potential shed or RV parking.

How do the shed/RV renters get access to their stuff?  Is there a gate with a lock or key code?  Do you let them have 24/7 access, or do you limit it to "normal" hours, or...?  (The tenants in the house might not appreciate an RV being started up or backed into place at 3 AM, or somebody loading stuff into their shed at 11 PM...)

Do you need security cameras or lighting on the sheds/RVs?  How about an outlet for the RV so the owner can plug in a battery charger, water tank heater, etc?  Can you easily install a meter for this stuff, or do you run it off of the house and give the tenants a small credit for the electricity used, or...?

What if somebody tries to live in the shed, or cook meth in it... does your lease give you the right to enter/inspect?  How about somebody living in their RV while it's parked there?