Rental Property Investor · Brooklyn, NY · Member since 2019 · 14 posts · 3 votes
Hey BP!
Curious if anyone has an opinion on furnished vs unfurnished rentals, specifically for students/international students.
Right off the bat I can think of the cons being that it’s just more expensive as a landlord to supply furnishing for a rental. More stuff = more expenses. On the other hand though, I’m thinking that a premium can be charged due to the fact that “nothing” will need to be supplied by the tenant.
I’m thinking this will be especially useful for international students who may not want to be purchasing a mattress and whatnot for the school year.
Am I way off base with this? Is this a pitfall that should be avoided? Is it a strategy with more risk and more payoff?
Would love to get people’s thoughts and personal experiences on the matter.
Real Estate Investor · Lansdowne, PA · Member since 2013 · 1k+ posts · 656 votes
6y
students (minus most grad students) are much more of a liability and all around headache. I may offer a furnished or even partially furnished unit to the 57+ tenants at no extra charge. my coin.
Rental Property Investor · Brooklyn, NY · Member since 2019 · 14 posts · 3 votes
6y
Ah okay @Mary B. I understand. I misunderstood your original comment regarding “57+”. What you’re saying definitely makes sense. Thank you for the response!