Let’s just be honest: appliances are a pain in the butt.\u00a0 They are one of the costliest parts of my business.\u00a0 I am constantly buying new ones, getting them repaired, moving them in and moving them out.\u00a0 It does not seem like there is a week that goes by that some appliance doesn’t require my attention.<\/p>\n
If I could get out of the appliance business, I would.\u00a0 But for the most part, my rental market will not let me.\u00a0 In my part of the world, almost all of my competitors supply appliances.\u00a0 Meaning at least a stove and refrigerator along with a dishwasher and a washer and dryer, if the connections exist, are a part of the rental package.\u00a0 If I did not supply appliances, I would lose most of the good tenants to my competitors or my rents would have to be significantly lower.<\/p>\n
It isn’t always standard to supply appliances.\u00a0It is extremely localized and dependent on your specific market.\u00a0 For example, here within the City of Memphis the provision of appliances differs depending on the area of town you are in.\u00a0 In some of the lower-end parts of town, appliances are never supplied due to issues with theft.\u00a0Sometimes, only a stove may be supplied and the unit is advertised as having hookups for other appliances.<\/span><\/p>\n The provision of appliances may also depend on the type of unit you are renting.\u00a0 Apartment units usually provide appliances as opposed to single family home rentals.\u00a0 It often seems to be the case with single family home rentals that the tenants are moving from another single family home and tend to have their own appliances.\u00a0 So, even if you did supply them, you like would need to move them out and store them.<\/p>\n