Valet service rentals for you. I think part of your issue with all these problem tenants is the fact you rent out crappy places. Because this structure shares a wall with your neighbors, they make the most of the space that is available when compared to the standard detached single-family home. It’s not nice to look down on the demographic who rents basement apartments when homeowners who need to rent out their own homes for the extra income aren’t so well to do themselves. Ground-floor apartments are sometimes less expensive than units on higher floors, can come with private outdoor spaces, and simply make more sense for folks with babies in strollers, dogs to walk, or mobility issues. 1. Your landlord is not a magical being who is depriving you of luxury living because he’s greedy and wants to make a “profit” between his mortgage payments, taxes, repairs, future repairs, furnace breakdowns, utility increases and everything else, in many cases they don’t even break even. The only people who are not aware of these issues are new landlords. Some are full apartments with a kitchen, separate entrance, master suite and family room. It made for a very uncomfortable and stressful environment. 1-SPIDERS…Too many damn spiders!!! 4-Walking 2 blocks because that is the closest open parking spot. I have had far too many dealings in too many different buildings (yes even fancy expensive buildings) with different property management companies to just an individual who owns the building and at the end of the day I will never live in a place with more then ten individual apartments. What I want to do is clone you and Mike and rent you all the basement apartments. Basement apartments are a goldmine when paying of a mortgage and cheap for tenants so they can put money away. Then the next morning she asked if I wanted to go for breakfast and if she could pay me on Friday, then the next day text and said she was sick and could I go get her gingerale. The Disadvantages of Inhabiting Basement Apartments Low ceilings can be an issue The very nature of architectural design means that basements usually have low ceilings, which can of course give the sensation of being rather hemmed in. We had a good relationship also. I bought a house in a different city and put a basement apartment in that one as well and so far it has also been a good experience coming up to a year. The fact are that for people who need affordable housing basement suites can fill this gap. On the other hand this is not a good rental area, it’s far from transit and amenities and also not what one would consider a desirable area where the price delta would justify a person choosing to get cheaper rent but still live at a really nice address. In York Region for example, there are very few apartment buildings. If you already have a finished basement with a separate entrance that you use when you have guests over, you may think that you can put it on the market right away. You are providing a place to live for a profit. Lizza, I’m glad you like where you live, I can assure you that most people do not feel this way about living in basement apartments. Basement apartments are also below ground, concrete is porous, and this leads to higher humidity which make any cold more uncomfortable. We rented our 2 bedroom basement to a “friend” a single mom. My current landlord had a leakage problem within the bathroom he kept telling me he would fix. When he kept slacking, I called in a 3rd party to get an estimate. I have had No issues at all. Some people prefer living in an apartment while others would much rather have a house. Unfortunately many basement apartments are cold and humid. Second questions is it right for the landlord to come down to the basement at any time without seeking permission from me. Another thing to keep in mind is if smokers live upstairs, some of that smoke might eventually end up downstairs At first it was just a half hour or so in the morning, but eventually she started just going and doing her grocery shopping, leaving me sitting with her kids for hours. Two days later, I caught her mother entering my apartment and going into my fridge while I was at the dog park with my dog. Then tell them to take their blanket and shove it you know where. When I moved in a guy lived in the basement and had been there for five years. 7-People throwing used needles into the back yard. There is only parking on the street. I fixed them up to modern standards, charge a premium, and in most cases have had wonderful tenants. So for us basement apartment worked out very well. Good luck, Susan. I was reading through the comments and just had to reply. I advise they call around to other landlords who are renting basement apartments and find out what the tenant market is like before deciding to renovate and rent their basements. By the time you add in the risk from the utilities problem and minus your split from the rent or add in the time spent chasing the money from the basement, is it really worth it? Here are some of the disadvantages of adding a basement to your house or buying a house with a basement: Additional Construction Costs Damp and Moisture Concerns That is just wrong…I am a tenant in a basement apt and we are human beings just like you are….”tenant” is not my name….I have arthritis, living even with a sweater on does not help the cold from the landlord controlling my heat makes it worse…..Listening to you proves one thing you are one of those landlords that as long as he or she gets the money from teh apt and does not have to put any in..its all good….You are the landlord, its your job to make it insulated enough and provide enough heat for the tenant to be warm……There are words for landlords like you and none I can say on here….Shame on you! If you demand spacious rooms made all that grander by high ceiling space, you won’t find that in a basement. Couples who are first starting out want to pay as little and save as much. But before you list your “basement apartment” on Kijiji, here are a few things you need to know. Over exaggerating this story. Profit is not a dirty word it’s reality. They leave me alone…i see them once a month when i Pay my rent. Too cold, here’s a blanket? A townhouse provides an affordable housing option for families. Young children will make noise running across the floor above you, as will dogs. And I have a lot of body fat. That doesn’t mean the apartment isn’t safe. It’s cold outside and your friendly Ontario Works recipient gets $525 per month to live AND pay rent. The neighbourhood is good, I have a parking space, I don’t do too much, the landlord and his family are friendly. If I compare them to the level of tenants I’ve had in my other rental houses I’d say they were pretty much the same. Things I won’t miss about my basement apartment experience: 10-Uneven floors requiring spacers on all tables to level them out. If you are close to the subway, you’ll also get decent tenants. Over the last 12 years having them there has provided me with $194,000 in revenue. If you are in an area like mine where you can get a one bedroom apartment in a building for the same price as a basement…it really is hard to get decent people. Trust Me, I WANT to move there, but I was just wondering about the advantages/disadvantages of moving down there. Plus in this old house of mine the soundproofing is not good at all so every time they had an argument I would be subjected to it. | Property Rental Agency & Property Management Services - Landlord Rescue, https://landlordrescue.ca/10-reasons-i-hate-basement-apartments/, Funky Friday – What is a BLOFT? You are just plain dumb, something special. My landlord keeps saying she will give her notice if she demands one more thing, but then it follows with, but she always pays her rent on time…nor sure what I should do as I am uncomfortable living here now. Then house prices went crazy and a lot of people decided they needed mortgage helper apartments at the same time as people making minimum wage decided they couldn’t afford to live in a conventional apartment or condo. Honestly though your point is valid, if you’re renting out a basement, you don’t have much money and the spaces are not very nice. Not just him but all the affordable apartments most who had been living there for 10+ years. Ok, I'm 14 years old, and I want to move into my basement. Rachelle is the liar here. Being the proud owner of a house with a basement suite, there are points I agree with and points where I disagree. Send. Its a win win. What I wanted to say is that I enjoyed living in this apartment. I lived in a basement apt for 3 years before I bought my first house. So i think your article is overly harsh on basement apartments and the kinds of people who live in them. They look after me by paying the rent and looking after the place and watching over the house when I’m gone. Especially in small homes it is impossible to provide the natural light or ventilation in the basement. Garfield, Yep, basement tenants are not for the faint of heart. First of all, NEVER ever rent a basement ‘suite’. Rent in basement apartments is usually much lower than it is in above-ground units, due to a number of deficiencies common to basement apartments. We’re not being judgmental. My landlord provided me with an electric heater that looks like a radiator. If I get bed bugs in a basement suite I know exactly where they came from. You may be able to recoup some of your rent thst you paid. I’ve seen cases of people casing suites for their parents or out-of-town relative who will be immigrating. Many basement apartments are not […], I have a wonderful spacious basement apartment and its the best apartment in the building. Now go away and shake your money maker. As for the other question it’s not clear enough, is there a common area? The other think I found is the tenure is generally short, about a year or so on average. Have you considered that your asshole is a “goldmine” too? your username. For many landlords what seems like a great benefit just isn’t by the time you calculate all the time required. For starters, since a basement is a room that’s wholly or partially underground, water from beneath the ground can seep into the room. I am half a block from like 4 churches. I did have some very good tenants in there for extended periods of time. By that point we were in better shape and took back the basement. The second disadvantage of basements is that they are mostly without the natural light or ventilation. Over all, if I didn’t need the money, I would not rent out the basement room. 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