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Updated over 2 years ago,
Furnished Single Family Rentals?
Would like to get some thoughts on furnished single family rentals.
From other Q&A here, I have gotten the impression that some value add is probabally going to be required to find anything that I can reliably cash flow from the start. One way to do this (at least in my mind) is through furnishing.
I am planning on a house hack setup to start with, furnishing the rented room for hopefully a small boost in rental income. But when I convert to a full single family rental I am likely to have the place essentially furnished, and I am wondering what the market looks like for furnished single family homes versus unfurnished?
Those that I have seen are usually advertised as short term rentals at considerably elevated rents, but how long are people interested in renting a furnished house like that versus having a blank slate?
Also, what does property management look like for something like this, assuming I am not around to handle it myself?