How to Earn Money With Granny Flats

Home prices in Los Angeles continue to rise. It is getting harder and harder for many residents to afford a home. Earlier this year, California enacted Bill 1069 designed to increase housing supply by easing restrictions on garage conversion units. The bill also presents an opportunity for homeowners to increase their home value by adding livable space to their home without dealing with the previously stringent permitting process. Converting your garage into a granny flat could become a substantial stream of supplemental income towards your mortgage by renting it out.

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