Short Term Rental From Scratch

3 Replies

Hello, I have a few short term-rentals that are lease arbitrages and partnerships with fully furnished apartments. I have come across a unit that would be perfect for what I am looking to do but the unit is not furnished.  Does anyone use a uniform check/inventory list for supplies/furniture (it is a 1 bed/1 bath) or have any experiences/tips that they have come across furnishing their own unit(s) from scratch.  As always thank you so much for the help, it is very much appreciated!

Just picture walking through a room, bedroom, bathroom kitchen and think what you need and jot it down.

You could also look at yours or other Vrbo/Airbnb listing pictures to get ideas about what you need for each room.

Donate unused items from your own personal residence to the STR house. My wife and I got married. She had a 4BR house full of furniture in a house that was for sale. I had an empty 2 BR house sitting vacant. We furnished the 2 BR from her 4BR. The 2BR paid $350/month as a LTR. We put 4 beds in there, and charged $210/week for each bed. It took about 5 days before we found 4 guys to rent it.

They didn't speak English. I knocked on the door each week and they handed me $840 and I gave them a receipt. This went on for 2 months and they moved out. Within 60 minutes some of their friends called me and wanted the house. Same story, no English, just $840 and a receipt for another 6 weeks. They moved out. Some of their friends called within 60 minutes and wanted it, but there were just 3. By now we had a 2nd 3BR STR up and running bringing in $800+. There were 9 guys in there. One bathroom. So we bought a big 3 story house with 4 full baths and a jacuzzi and that brought in a 4 digit number every week until and beyond the house paid for itself. We bought another and another and then my wife quit her day job to be a full time cleaning lady.

Originally posted by @Paul Sandhu :

Donate unused items from your own personal residence to the STR house. My wife and I got married. She had a 4BR house full of furniture in a house that was for sale. I had an empty 2 BR house sitting vacant. We furnished the 2 BR from her 4BR. The 2BR paid $350/month as a LTR. We put 4 beds in there, and charged $210/week for each bed. It took about 5 days before we found 4 guys to rent it.

They didn't speak English. I knocked on the door each week and they handed me $840 and I gave them a receipt. This went on for 2 months and they moved out. Within 60 minutes some of their friends called me and wanted the house. Same story, no English, just $840 and a receipt for another 6 weeks. They moved out. Some of their friends called within 60 minutes and wanted it, but there were just 3. By now we had a 2nd 3BR STR up and running bringing in $800+. There were 9 guys in there. One bathroom. So we bought a big 3 story house with 4 full baths and a jacuzzi and that brought in a 4 digit number every week until and beyond the house paid for itself. We bought another and another and then my wife quit her day job to be a full time cleaning lady.

 Thank you Paul, that is exactly what I am thinking.  Some of my used furniture is a little beat up but this isn't going to be a top notch luxury apartment so it should be fine.  In a way, I am just trying to prevent myself from forgetting something small that is vital for my guest.  This deal has grown legs and were moving fast, so trying to do my due diligence and you have all been so helpful on here.