Renting property storage on Spacer.com.au

Discussion in 'Innovative Property Investment Techniques' started by Jamesaurus, 14th Nov, 2019.

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  1. Jamesaurus

    Jamesaurus Well-Known Member

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    18th Dec, 2017
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    Location:
    Canberra
    Have any members had any experience with renting out storage or sheds as part of a property?
    (either on the website Self Storage | Rent Space & Cheap Storage | Spacer or self-organised?)

    I'm considering doing this separate to my IP as the tenants do not use 2 storage sheds and could generate extra cashflow for me..
     
  2. bunkai

    bunkai Well-Known Member

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    26th Jun, 2015
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    Sydney
    They are pretty good at hiding their fee other that to say it is minor. Not sure ~20% is minor
     
  3. Paul@PAS

    [email protected] Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Location:
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    If the storage shed are within the leased premises the tenants have a right to quiet enjoyment to use / not use the sheds. You cant allow others to use their property.
     
  4. Marg4000

    Marg4000 Well-Known Member

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    The tenants can deny access - they are renting the entire property.
    How do you know they are not using the sheds, even if occasionally?
     
  5. Vassago

    Vassago Well-Known Member

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    25th Jun, 2015
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    Location:
    Perth
    I do this, however the sheds are fenced off rest of the rental property, with separate access and it is made clear that it is not part of the lease.

    I don't use any service, just advertise on Gumtree and use a short lease that I made up (not the standard residential one).