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New landlord with some questions
I have been doing short term rentals in the north Georgia area. Long story short. Due to unforseen circumstances are now starting leasing/renting yearly the same properties. My question is around unit furnishings. With a unit already furnished from prior short term situation I am curious as to your exp and op on if furnishing is good or bad...your pros or cons here? And if you are open to add/take away items per tenant? One of my big concerns is how would the upkeep of the furninshings be handled?
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Furnished long-term rentals are tough in my market. Most people have their own furniture and would prefer to use it. It's also difficult for the Landlord or Property Manager to inventory everything before/after and hold tenants accountable for damages or missing items. If it's a shorter term, like month-to-month, then it's very attractive to people that are between homes and you can actually charge a little premium for it.
- Nathan Gesner
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