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Updated about 2 years ago on . Most recent reply

User Stats

65
Posts
30
Votes
Jack Perfett
Pro Member
  • New to Real Estate
  • Philadelphia, PA
30
Votes |
65
Posts

Furnished or Unfurnished?

Jack Perfett
Pro Member
  • New to Real Estate
  • Philadelphia, PA
Posted

I have a property that I house hacked and am currently living in one of the units. During my time living here I have fully furnished the apartment. I will be moving out in the next couple months and moving across the state and don't necessarily feel like hauling all of the furniture. I am weighing the options of renting the unit furnished vs. unfurnished. Some pros and cons that I see is that if I rent it furnished naturally I should be able to charge more for rent (trying to figure out the delta compared to unfurnished.) On the downside, am I shrinking my renter pool by renting it furnished for the renters who have their own furniture? Has anybody rented furnished apartments and what are some of the pros and cons. All answers appreciated!

  • Jack Perfett
  • Most Popular Reply

    User Stats

    65
    Posts
    30
    Votes
    Jack Perfett
    Pro Member
    • New to Real Estate
    • Philadelphia, PA
    30
    Votes |
    65
    Posts
    Jack Perfett
    Pro Member
    • New to Real Estate
    • Philadelphia, PA
    Replied

    @Thomas O'Donnell Nearest hospital is 7.6 miles away (15 min drive) and in the surrounding area not really any super large business. The short-mid term rental is an option but am wondering how the furnishing would apply to a long term lease. I guess I could always take a month or two and list it as a STR or MTR and switch to LTR depending on how the demand is.

  • Jack Perfett
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