Screen Tenants with a reliable background /credit service to assure qualified tenant ( you the landord will set that requirement ).this is just to name a few, I have 10 years property managment experience and have rented mulit family units for my clients.
The first thing you want to do is make sure the garden apartment is in compliance with city ordinances for ceiling height before you do anything to it. If the apartment has been grandfathered doing any alterations to the unit may cause to pull permits and bring the apartment up to current code.
So if it is an operational apartment continue to rent it out as a source of income. If it has not been an operational apartment make sure you do you homework.
And is the basement garden apartment a legal apartment. So many questions before you can get a good answer. Just come back and let us know.
Edith YourRealtor4Life & Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE ïŠ
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties Brokerage, 30 Green Bay Road, Winnetka, Illinois 60093
Check out my website at htttp://tinyurl.com/YourRealtor4Life
HAVE THE MOST WONDERFUL DAY :)