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Wednesday, May 19, 2010

How to make extra dosh

Landlords who want to make extra dosh and have a garage should seriously consider trying to let it separately.

Last week I tentatively posted a speculative advert on Gumtree for my very very small garage which had laid empty with it's broken door for several months. It's an under croft garage, built in the 1980's and is so narrow that you probably fit a large motor bike or a Smart car and that's about it. I thought I may be able to let it to a builder or somebody looking for some temporary storage.

Within a day, I had a reply. Stuart was interested in my advert of a garage to let at £40 per month. He wanted to rent it to store his vintage Citroen 2CV possibly the only car narrow enough to fit into it.

Stuart was keen. He went straight round and phoned me back within a couple of hours offering 3 or 6 months up front. Deal done!

This just highlights to landlords with a garage or parking space in an urban area that they can make extra income from renting their garage separately. This is my second garage I've let separately and together I'm now making over a grand a year in residual income just from letting out garages that would of ended up as a repository for my tenants rubbish!

Let your garage

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