Multiple Solutions
That ADU Guy has a great video explaining how he found a property to add an ADU...
Ways to Use Your ADU
Rental Income
An Accessory Dwelling Unit (ADU), also known as a granny flat, in-law suite, secondary dwelling unit, or backyard cottage, is a self-contained living space located on the same property as a primary residence. ADUs are typically smaller than the main house and are designed to function as a separate and independent living unit.
Additional Living
Multifamily lots are properties that are zoned or designed to accommodate more than one dwelling unit. Common examples include duplexes (two units), triplexes (three units), fourplexes (four units), apartment buildings, or townhouses. Each individual unit within the multifamily property can serve as a separate living space with its own amenities, such as a kitchen, bathroom, and bedroom(s)
Investor Options
On any lot, an accessory building can be located at any location that the primary building can be located. In addition to the regular location standards, detached accessory buildings are permitted to be constructed/placed at a minimum 3 foot setback in any location other than the required front yard.
Types of Solutions
Rental Income Options
Many people who own their properties can use it to generate extra income with very little effort.
Short Term Rental
Mid- Long Term Rental
Land Arbitrage
Liveable Options
Maximize your available space for your personal needs or expand your current living area.
Extra liveable space for family
More useable space for work or play
Expand your storage for the items you value
Investor Options
Increase and expand your investments with a new and diverse property strategy
Lot Flipping
Multifamily Investing
House Hacking
More Options
Some uses are unique and apply to specific situations but can still be very fulfilling.
Note Investing
Long Term Property Ownership
Land, Construction & Build Lending
Rental Income
Earn extra cash using your spare unit...
- Air BnB
- VRBO
- Furnished Finder
- PadSplit
Are you looking to maximize the income potential of that spare room in your house? Whether you already have an existing space or are planning to create one, there are fantastic opportunities waiting for you on platforms like Airbnb, VRBO, Furnished Finder, and PadSplit. Airbnb, a household name, brings in travelers from all over the world, while VRBO caters to those seeking upscale accommodations, allowing you to earn more from your space. Furnished Finder, on the other hand, offers a unique advantage, providing mid-term rental options ranging from 2 to 6 months, ensuring a more predictable and steady income stream, particularly appealing to healthcare professionals. Lastly, PadSplit introduces a game-changing concept by offering virtual management and enabling you to earn 2-3 times more income than a typical long-term rental. With these options, you have the power to unlock the full earning potential of your spare room.
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Phoenix, Arizona, is not just a stunning destination but also a hotspot for rental income. It's one of the top three highest-rated Airbnb rental destinations, attracting travelers year-round. Furnished Finder taps into a network of seven local hospitals, making it an ideal choice for those looking to accommodate healthcare professionals who need accommodations for extended periods. In this vibrant city, PadSplit has seen remarkable growth, with over 300 doors activated in the last six months. This is a testament to the incredible income potential in the Phoenix market. Whether you're targeting tourists, healthcare workers, or long-term renters, these platforms offer opportunities that perfectly align with the demand in Phoenix, ensuring you can make the most out of your spare room.
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Ready to turn your spare room into a lucrative income source? The options are abundant, and the potential is promising. Whether you prefer the global reach of Airbnb, the high-end clientele of VRBO, the steady income from Furnished Finder's mid-term rentals, or the remarkable earnings from PadSplit's room-by-room management, your spare room can become your financial asset. Plus, if you're in a city like Phoenix, known for its thriving rental market, you're in an even better position to maximize your income. So, why wait? Explore these platforms today, and unlock the full potential of your spare room while enjoying the benefits of a boosted income. Your financial future awaits!
House Hack
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Extra Space
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Granny Flat
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Conventional Loans
A common home loan where you borrow money to purchase a house, usually needing a 20% down payment. You repay the loan with interest over 15 or 30 years.
Pros
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Larger down payment
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Stricter credit criteria
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No government backing
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Fluctuating Interest rates
Cons
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Larger down payment
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Stricter credit criteria
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No government backing
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Fluctuating Interest rates