Wednesday, May 09, 2018 / by Amy McLeod
Nothing sounds sweeter than extra monthly cash flow, but is it really that simple? Let's dive into the pros and cons of renting out your in-law unit and what you can expect to deal with as a property manager.
What is an in-law unit?
To qualify as an in-law unit, this part of the house should have its own entrance, bathroom, and kitchen or kitchenette, says Stephanie Trevizo, a real estate agent and landlord in Los Angeles.
If your home listing says it comes with an in-law unit, you should make sure it legally qualifies as one in your municipality.
"This can usually be done by calling your local housing authority or city ...