Create a Profitable Rental Property In Your Own Backyard

Turn Your Modhaven Home Into an Airbnb

Earn a passive income from the comfort of your own backyard. Building a Modhaven modular home and renting it out is a great opportunity to earn extra income by utilising your backyard space.

At Modhaven, we can build self-contained studios or tiny home-style cabins. With the right planning and execution, you can create a profitable rental unit. Our range of small modular transportable homes are ready to turn your backyard into a rental money maker.

Tips and Tricks

Here are some tips and tricks for creating a profitable rental unit in your backyard:

1. Plan your space

The first step in creating a profitable rental unit is to plan out the space you have available. It is crucial to determine the size and layout of the unit you want to build. Another important thing to consider are any local zoning and building codes. Consider what amenities you want to include, such as bathrooms, kitchens, and laundry facilities.
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2. Build a quality unit

Once a plan is in place, it’s time to build your rental unit. That’s where Modhaven can help. Choose from one of our architecturally-designed modular homes and we will take care of the build. You can choose from our variety of customisation options such as our solar package, greywater systems, compostable toilets and more. These all reduce utility costs for both you and your tenants.

3. Price your rental unit competitively

Be sure to research your local rental market to determine a competitive price for your rental unit. Things to consider are size, location, and your unit’s amenities when setting your rental price.

4. Advertise your rental unit

Once your modular unit is ready to rent, it’s time to start advertising. There are many useful online tools you can use to advertise your rental unit such as Trade Me or Facebook Marketplace. Otherwise, reach out to a local property manager and they will be able to advertise your rental unit for you and show tenants through the home.

5. Attract quality tenants

Seeing as these tenants will be likely living on your property whilst you are living there, it is important to ensure you have quality tenants. Ensure you obtain a quality reference from previous landlords. Once you have selected a tenant, be sure to have them sign a lease agreement that outlines the terms of rental, including rent payment, lease duration, and any restrictions on the use of the property.

rental agreement
profitable rental backyard

Adding a modular home to your property and turning it into a rental unit is a great way to earn additional income and make use of your unused space. With proper planning and execution, you can attract quality tenants and generate a steady, passive income stream.

Talk to our sales team at Modhaven or come in and see the options we have for backyard rental homes.

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