Home Guru: Important Pointers for Homeowners With Space to Rent

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Bill Primavera
Bill Primavera

By Bill Primavera – Since my marriage, my wife and I have owned three homes and each of them provided for either a two-family or an accessory apartment arrangement, which, especially when we were young, helped keep the wolf from the door.

Once moving to Westchester and realizing at a certain point that our taxes had more than doubled since purchasing our home, we could say the rental income buffered the sticker shock when the tax bill arrived.

Making good use of surplus square footage and deriving added income are the reasons most homeowners consider being landlords, but the challenges and responsibilities of being on call 24/7 are not for everyone. From personal experience, I have gathered some advice here for anyone considering the purchase of a property that would offer a rental income opportunity.

The first step to becoming a landlord is to see what the town code allows in your municipality. In my town, accessory apartments are allowed with a special use permit, which remains in effect for three years, then must be renewed. There are certain restrictions about square footage relative to the overall size of the house depending on the town. There can be other restrictions as well. I know at least one couple that was disappointed to learn that their basement could not be converted into a rentable apartment because the ceiling was too low.

In the suburbs, most homeowners with accessory apartments are landlords under the same roof as their renters. Others may live at a separate property and may hire a property management firm.

The ideal situation is to have the renter’s accommodations under the same roof, yet as private from your own living space as possible, with its own entrance and outdoor recreation space.

The most important aspect of finding the ideal tenants living under the same roof is qualifying them for their credit rating, work status and references. The Internet has made this easier than when we first started renting and has helped us judge when prospects seemed like upstanding citizens. Luckily, our intuitiveness served us well, but today we would recommend much tighter scrutiny of prospective tenants.

Each applicant 18 years or older should be provided a pre-printed form to list his or her name, birth date, social security number and previous landlord contact information for the past two years.

The form should include the statement that indicates you will run a credit check. There should also be a signature line when the prospect consents to allowing the credit check. Some homeowners charge the prospect fee for requesting the credit report from the bureaus or credit check websites such as Experian, TransUnion or Equifax. has an option for landlords to receive all three credit reports at one time.

When reviewing the reports, it’s prudent to remember that past behavior predicts future behavior. Certainly contact the past landlord about the prospective tenant and any problems there may have been.

When advertising for tenants, your real estate agent will be sure that the ad’s language is in compliance with all fair housing guidelines. If you are not using a real estate agent, be sure to check with your lawyer.

So what’s it like having someone renting part of your home? My wife and I have been fortunate with our tenants; they have almost all been reliable and pleasant. That said, they have all been different. Some we only saw when they brought over their rent check. One of our first tenants in our Brooklyn Heights townhouse, which we inherited, were pains in the neck, leaving the front door to the building propped open so their friends could get in whenever they wanted. This was New York City in the 1970s, so believe me, everyone in their right minds wanted their doors locked. We had to threaten eviction to get them to stop.

A few tenants became friends. We even helped name the first baby of one young couple. We would bring in each other’s mail and keep an eye on things when either they or we were away. If this sounds like a warmer relationship than most renters and landlords share, probably that is the case when there is just one apartment rather than multiple units.

In my next home I will be calling it quits as a landlord, having chosen a condo where someone else can worry about maintenance. But the experience of being a landlord has been a source of some interest and extra income through the years.

Bill Primavera is a Realtor® associated with William Raveis Real Estate and Founder of Primavera Public Relations, Inc. ( His real estate site is, and his blog To engage the services of The Home Guru to market your home for sale, call 914-522-2076.

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