question we often receive at Urban City Rentals from investment property owners
is whether to rent their property as an unfurnished or furnished option.
property is a waterfront suite with exclusive views and top end furnishings, it
may do well as an furnished rental.
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
tend to treat the property better when they settle in long term with their own
overall vacancy (compared to 30% annual vacancy for furnished properties).
the wear and tear from tenant turnover as furnished rentals tend to be short
term (1-3/6 months).
seeking furnished rentals are typically from out of country, making it more
difficult to effectively screen and qualify.
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!
City Rentals does not provide trading services
City Rentals acts as a partner, complimenting your trading service activities
professional approach and client assistance will always reflect positively on
clients' future purchase and sale requirements will always be referred back to
- You will
find our years of experience and expertise in all tenancy matters invaluable
your clients' return on investment
Urban City Rentals at 604-261-4560 or email
our website at http://www.urbancityrentals.com
for more information.