Blog Post

A Garage Can be a True Asset to Your Long Beach Rental

Dustin Edwards • Aug 09, 2021

Creativity with a Garage Can Help Add Real Value to Your Rental

Garage with Doors
Throughout Long Beach and Los Angeles County, most garages go unused for a variety of reasons. Either your tenants carpool, they leave their car in the driveway out of convenience, or their car cannot squeeze into the garage. Regardless, chances are your Long Beach rental garage is sitting empty and collecting dust. However, you can repurpose the underutilized location with a host of enhancement that could interest your tenants and add value to your property. 

Storage
Most commonly, people use their empty garages to store all the belongings they cannot fit within their house. For tenants, extra storage can be extremely helpful, especially if they only plan on staying in your rental for a relatively short period. For more information on the ways you can make your garage into the ideal storage space, check out the following blog post: Garage Storage Enhancements for Your Long Beach Rental.

Home Gym
With the hectic schedules most Long Beach residents face, a home gym can save your tenants both money and time otherwise spent at their local fitness center. Furthermore, installing a home gym can fit your rental with a distinct amenity to draw potential tenants and increase your rental rates. 

Though there are various exercise machines to choose from, it is best to stick with simple, frequently used equipment such as treadmills, ellipticals, dumbbells, and/or power racks. You can find a range of options at Gym Source or your local fitness store. 

Playroom 
When looking for a rental, a playroom may be the deciding factor that makes tenants with children choose your property. Additionally, like a home gym, you can charge higher rates for the added space. 

Converting a garage to a playroom requires new flooring that is safe for children and also durable, such as luxury vinyl tile. Then, simply put in some storage for toys and a few kid-sized tables and chairs for activities. 

The benefit of redesigning the garage to a playroom rather than a home gym is that it is a cheaper but altogether equally lucrative investment. There are just as many budding families as there are gym rats searching for rentals in Long Beach. 

Home Office
In the aftermath of the COVID-19 pandemic, many businesses either have yet to return to in-person work or plan to remain online indefinitely. As such, tenants may prefer a home office to operate in rather than their kitchen or living room. 

If your rental does not have a separate home office, it may be smart to implement one in the garage. All you need is a desk, a chair, a printer, easily accessible electrical outlets, and perhaps some storage.

Depending on the size of the garage, you could even combine the home office with a home gym or playroom to make it a multipurpose space. This would make your rental more desirable and more valuable. 

Accessory Dwelling Unit
An Accessory Dwelling Unit (ADU) is an addition to your rental property that consists of its own entrance, bedroom, bathroom, kitchen, and laundry. Essentially, it is a separate structure commonly referred to as a Granny Flat or Casita. 

Converting a garage into an ADU can be a long process that is certainly more expensive than the aforementioned alternatives. Nevertheless, an ADU garage conversion can effectively double your single-family rental and significantly increase the value of your property. With the recent rise in popularity of ADUs, the financial benefits should ultimately exceed the initial costs. 

That being said, developing an ADU can be a complicated endeavor, and there are various state and country requirements to follow. 

Finding the ideal purpose for your Long Beach rental garage can be difficult. To better understand the long-term value of these potential additions and determine which one is right for you, we invite you to call us today at (562) 888-0247, or you can fill out our Owner Application online

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By Dustin Edwards 01 May, 2024
Everyone wants to feel safe in their homes. As an investment property owner, it's up to you to decide whether or not to include security measures in your property. Many of the costs associated with the security measures can be included in the rent, meaning not only can you keep your property safe, but you can earn more income in the long run. However, you would still want your tenants to have renters insurance to protect their assets. Today, we’ll discuss the top five security measures you can add to your property and why they're beneficial to you and your tenant. Security Cameras Cameras are probably one of the first security measures people think about when asked about security. Cameras provide more benefits than just surveillance. They provide an extra level of security for the safety of the tenants and their belongings. Additionally, security cameras can be useful when repairs are required. Cameras can aid in supervising repairs and maintenance to ensure you’re receiving the agreed-upon work. During vacancies when the property is empty, security cameras can help keep the property safe from potential intruders. Doorbell cameras are incredibly popular now. They provide the aforementioned safety of a camera that can be accessed remotely, as well as the ability to communicate with visitors. Although one must be careful never to say you're not home, just say you're unavailable to strangers. Security Lights Security lights with motion detectors are another effective tool when adding security measures to your property. These lights brightly if a potential intruder attempts to get near your home. They can provide enough illumination to see the intruder or, at the very least, scare them off. Nowadays, you can find a combination of security cameras and motion-activated security lights, such as the floodlight cam wired plus from Ring . Additionally, because these lights only turn on when motion is detected, they’re more cost-effective than traditional lights with a switch. Illuminate the Property Light generally deters intruders as it's more difficult to hide. Adding lighting to the landscaping can increase the security of the property while creating a relaxing atmosphere. Lights can also be used in other areas of the property to accent features such as trees, benches, or artwork. This can help your property stand out while giving your tenants an additional feeling of safety. Keyless Entry Keyless entry is seen as both a convenience feature and a security feature. They usually use an electronic passcode, biometric data, or grant access through a smartphone app. Physical keys can be lost, stolen, or duplicated. You reduce the risk of unauthorized entry by eliminating the need for a physical key to enter the property. Many keyless entry systems include several features, such as remote locking and monitoring. Although keyless entry is a great new technology for keeping your tenants and properties safe, they’re best used with other security systems. Security Company Nothing beats having an extra pair of eyes on your property for security. This is where security companies like ADT and SimpliSafe come in. While companies may deal with security in varying ways, they aim to protect your investment. While safety is the primary role of a security company, remember that many tenants may be willing to pay more for a premium amenity like a home security company. Keeping your property and tenants safe is incredibly important to the longevity of an investment property. If you’re looking to improve the security of your Long Beach rental property or need help managing your beach city rental property, we invite you to call us today at (562) 888-0247 or fill out our Owner Application online .
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