- Joined
- May 6, 2009
- Messages
- 17
I purchased a building a few years back and it barely cashflowed, a rookie mistake. Location was very good and had a bit of unused land and it was in town. So I got a permit to add 13 individual 10 x 12 storage sheds that I could add on the lot to rent out. So I ve got four installed so far and renting them for $ 75.00 / month and they are renting quick, I will keep adding as they fill up. the cost of the sheds are $ 2000 each. pretty good return on investment. I also added a 4 x 6 frame and the side of the building that someone can use for advertising. the cost for this is $ 160.00 and its rent for $ 60.00/ month. don t know why it took me so long to think of something so simple to add value. Sometimes little investments can bring pretty good cashflow to your existing buildings.