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Investment Property - Unfurnished or furnished?

 

 


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Investment Property - Unfurnished or furnished?

Posted by Urban City Rentals
Urban City Rentals
Urban City Rentals Inc. provides professional rental property leasing and manage
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on Friday, 11 February 2011 in Property Management

One question we often receive at Urban City Rentals from investment property owners is whether to rent their property as an unfurnished or furnished option.

If your property is a waterfront suite with exclusive views and top end furnishings, it may do well as an furnished rental.

However, in our experience, renting an investment property as unfurnished is often the best long term strategy for the following reasons:

- Unfurnished rentals are generally longer term (1+ years minimum), leading to less turnover.

- Tenants tend to treat the property better when they settle in long term with their own furnishings.

- Less overall vacancy (compared to 30% annual vacancy for furnished properties).

- Minimize the wear and tear from tenant turnover as furnished rentals tend to be short term (1-3/6 months).

- Tenants seeking furnished rentals are typically from out of country, making it more difficult to effectively screen and qualify.


Also, when considering the addtional expenses involved with running a furnished property (linens, plate, glassware, utensils, bedding, etc) PLUS utilities (Hydro, cable, internet, phone) while also factoring in the high potential for vacancy and increased wear and tear on your clients investment property, it is clear why we always recommend to our clients at Urban City Rentals to rent their investment properties as an unfurnished option!

If you have investment buyers who are looking for professional tenant placement and rental property management services, please contact Urban City Rentals!

- Urban City Rentals does not provide trading services

- Urban City Rentals acts as a partner, complimenting your trading service activities

- Our professional approach and client assistance will always reflect positively on your service

- Your clients' future purchase and sale requirements will always be referred back to you

- You will find our years of experience and expertise in all tenancy matters invaluable

- Maximize your clients' return on investment

 

Please call Urban City Rentals at 604-261-4560 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it or visit our website at http://www.urbancityrentals.com  for more information.

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Urban City Rentals Inc. provides professional rental property leasing and management services for unfurnished strata titled apartments, condominiums, lofts and townhouses in the metro downtown Vancouver area Richmond and Burnaby BC.
 

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