Financing short term rental furnishings
I have several nice single-family houses that would make a good short term rental. I really do not want to spend my working capital furnishing these properties. Is it common for people to find private lenders that will put a second against the property?
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IMO It's worth spending the extra money to furnish it to make it unique... Nearly all the properties in any particular market look two in the same when you are a consumer scrolling through Airbnb... Not saying buy designer furniture, etc. but spend the extra dollars on the key areas that will make your place stand out on the first 1-5 photos online. The more clicks you get, the more bookings, higher occupancy, more reviews, and eventually higher nightly rate. It will pay off quicker than you think!