Some tenants, due to circumstances such as working away from their home base, are willing to pay extra if they can find a rental property that comes with furnishings.
Only ever buy low-cost, low-maintenance types of furniture that will have the potential to boost the rent you can ask for the property.
Demand for furnished rentals in the immediate area must be a consideration here as it will not be possible for all rentals.
People who are normally looking for furnished rentals include:
- Executives looking for that corporate rental
- Workers in mining towns
- Short term renters
Some furniture companies often have packages available which are quite good value or you may consider going down the used, well looked after, furniture path.
Just make sure you do your due diligence before going this path.
For more information on this and many more frequently asked questions – contact us on 0488 662 216 or email us at email@example.com
DISCLAIMER: This post is solely to provide information to the property investor. It is intended to provide general news and information only. The content does not take into account your personal objectives, financial situation or needs and the property investor uses this information in all respects at their own risk.