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Updated over 2 years ago on . Most recent reply

User Stats

65
Posts
30
Votes
Jack Perfett
  • New to Real Estate
  • Philadelphia, PA
30
Votes |
65
Posts

Furnished or Unfurnished?

Jack Perfett
  • New to Real Estate
  • Philadelphia, PA
Posted

I have a property that I house hacked and am currently living in one of the units. During my time living here I have fully furnished the apartment. I will be moving out in the next couple months and moving across the state and don't necessarily feel like hauling all of the furniture. I am weighing the options of renting the unit furnished vs. unfurnished. Some pros and cons that I see is that if I rent it furnished naturally I should be able to charge more for rent (trying to figure out the delta compared to unfurnished.) On the downside, am I shrinking my renter pool by renting it furnished for the renters who have their own furniture? Has anybody rented furnished apartments and what are some of the pros and cons. All answers appreciated!

  • Jack Perfett
  • Most Popular Reply

    User Stats

    39
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    23
    Votes
    Timir Shah
    • Real Estate Agent
    • Chicago, IL
    23
    Votes |
    39
    Posts
    Timir Shah
    • Real Estate Agent
    • Chicago, IL
    Replied

    I second what @Thomas O'Donnell said. Traveling nurses seem to be a very popular thing ever since the pandemic and many friends and colleagues have bought a short term rental (AirBnB) and signed multiple month agreements with the tenants. They had to furnish the homes but it seems like would not have that expense as you already have the furniture there. 

    AirBnB also assists landlords in the case that there is damage so that may be worth looking into. 

    My only concern with setting this up as a LTR while being fully furnished is that you could be limiting the number of possible tenants interested in leasing out your property as most tenants in my experience prefer to have their own items in the home. 

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