Fully furnished apartments

[Cody Williams]

Hey BiggerPockets! I wanted to know what other investors thought of fully furnished apartments? Have you ever advertised a fully furnished apartment? Have you ever thought of furnishing your apartments? I was wondering if other landlords have had success with this strategy or if it’s a common thing in your area. My market is Pittsburgh, PA. When askIng around, I had a lot of property management companies tell me that they offer furniture rentals. (They rent the furniture from a company and send you the bill). Just wanted to hear your thoughts on the matter!

[Bjorn Ahlblad]

I have been approached by organizations asking if I would provide that as an alternate service. The margins have not been attractive enough to deal with distruptions and expectations from my perspective and using my current apartments. I think it can be a very lucrative business model if that is what you choose to offer and if you are able and willing to scale it up. But you need to decide that that is the business you want to be in-it won't work well if you are just dabbling. IMO anyway.