Furnished Rentals vs Empty Rentals

[Keeya WangJones]

Hi BP, What are your thoughts in furnishing a unit in a college area? Ideal tenants are students or professor. I was thinking of getting basic IKEA furniture. Typically, how much mark up for furnished unit? If you have furnished units, what are the typical basic furniture that you get? Do you add any furniture damage cost to security deposit? Cheers! Happy Holidays!

[Account Closed]

Talk to some furniture rental companies and get their quotes for a few packages. Market your unit as empty with furniture available and either rent the furniture yourself or pass along the rental quotes if the question comes up. Best of luck with your investment.