If you're an apartment investor, choosing the option of unfurnished or furnished homes is an extremely important decision. You have to choose what will maximize your income and protect the over all investment of your building. This is not an easy option and I've been through booth kingdom valley and will provide you with my thoughts on the pros and cons of furnished and unfurnished rentals.

The most straightforward and simple thing to do when you invest in an apartment building is to rent the units without furnishing. For most, this is good stead income with no worries of furniture or wear and tear on items you've bought. Some tenants are happy to settle into rentals for years and all you have to do is provide the occasional maintenance needs, address minor plumbing issues, cracked windows and items like that. Some tenants prefer shorter lease durations, which means that you need to renew the apartment using paint and other maintenance to ensure that the apartment is new for the next tenant.

All in all, there are fewer things to think about when renting furnished apartments compared to furnished ones;the lease term and maintenance are the main considerations. The location of the property, its style and condition of your building will determine the kind of renters you attract so this is an important consideration when deciding whether to rent furnished or unfurnished units.

If you are a short-term tenant and a month-to month lease in a furnished home is typically very appealing. For example military personnel are typically stationed for short terms and don't enjoy having to haul furniture from location to. Additionally, think about businessmen who travel and travel nurses who work on short-term assignments. They are ideal tenants for furnished apartments and they cause little harm since their businesses usually lease their apartments which means they can be more creative to be gracious tenants.

Some municipalities allow you to divide apartments into separate rooms in order to create common units. Apartments with shared common areas have huge profit potential. A furnished space is convenient to renters who want to travel light and are looking to maximize their earnings by sharing expenses with others. Since a large portion of people travel on assignments and have multiple homes, they mainly care about work and having an appropriate place to rest in the night. We don't want to assume all renters who are looking for a furnished apartment are the drifter types.

Tenants who lease furnished apartments are typically willing to pay a little more for apartments, first because they are getting more. Secondly, most have already got a full set of furniture elsewhere and don't want to have relocate or put things in storage. Because they're using your furniture, they're taking on the responsibility to look after them and to pay a security deposit to cover any damages. Overall, you as the landlord, are in the privilege of a more prestigious tenants.

The decision to rent furnished or unfurnished homes greatly influences the kind of tenants that you are able to attract. If you prefer to draw tenants with higher costs searching for leases for shorter periods rather than furnished rentals is the best option. If you prefer long-term renters who want to build nests for at least a year than a clean, well-maintained apartment is the right option. In the end the decision should be based upon what can be the highest-profit situation for you or the investor.