BROADCASTS.com

Building a small rental unit on your property is a great way to create passive income, but housing experts say that accessory dwelling units, or ADUs, can also help solve the nation\\u2019s housing crisis. And there are a growing number of states that are allowing them. Plus, three states are actually paying people to build them!

\\xa0

California was the first to legalize ADUs back in 1982 The law allowed homeowners to build a second unit but local governments hampered the effort with restrictions. Some municipalities charged hefty \\u201cimpact fees\\u201d or imposed complicated and expensive permitting requirements. There may have also been restrictions on renting the units if the owner didn\\u2019t live on the property and problems qualifying for a loan to build an ADU...

\\xa0

If you live in a place that allows ADU\\u2019s, It\\u2019s now time to check your yard for space to build an ADU that can bring you some passive income! You can also find out how to become a landlord at our RealWealth website.\\xa0Membership is free! You can also catch up on any episodes you\\u2019ve missed at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!

\\xa0

Thanks for listening. I\'m Kathy Fettke.

\\xa0

\\xa0

1 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email

\\xa0

2 - https://www.governing.com/community/the-role-of-adus-in-easing-americas-housing-crisis

\\xa0

3 - https://www.businessinsider.com/states-will-compensate-you-for-building-tiny-home-adu-2023-8?inline-endstory-related-recommendations=

4 - https://jbrec.com/insights/adus-surge-in-california-gain-momentum-nationwide/?utm_campaign=BMI&utm_medium=email&_hsmi=271469296&_hsenc=p2ANqtz-_-Hlar9T334pF3qolJt4tha6w2J6owC4q8dk-bEGPqJ1cu2FHzL0uPQKvYkVbr0EF1LiWvSP8vwxxXhrRyDCAbkgUURA&utm_content=271469296&utm_source=hs_email