Shiraz lives in an expensive area where it's almost impossible to find traditional rental properties that cash flow.
To optimize his finances, Shiraz has implemented a variety of strategies, including renting his properties on a mid-term basis to generate additional cash flow.
He's also converted garages into apartments and built detached ADUs (DADU) in the backyards of his properties.
On this episode, Shiraz discusses the costs of converting a garage into an apartment and the extra rent he collects.
He also discusses the costs of building a detached apartment unit, the perfect number of bedrooms and bathrooms, and the perfect lot.
https://rentalincomepodcast.com/episode498