Furnished Corporate / Exec Rentals

[Bobby Walters]

Hello - I own three rentals within 10 minutes of my home, which is one of the best business areas in Nashville. The area has two major office parks within 10 minutes and its one of the top 2 fastest growing areas in the state. The area is home to many major companies, and has a healthy pipeline of economic development.

I'm curious if anyone on here has done furnished rentals targeted at higher end clientele? The goal would be to catch 3-6 month leases of executives or people moving for jobs. If so, I'd love to hear more about what your experiences have been. I know to expect more vacancy, more management, etc, but has anyone done this and did you get a premium price that justified the additional time and management?

Thanks for your input.