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Updated over 7 years ago on . Most recent reply

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Zig Lee
  • Seattle, WA
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Small studio: furnish or not?

Zig Lee
  • Seattle, WA
Posted

First-time real estate investor and landlord here.

I bought a small studio (less than 500 sq ft) in downtown. The HOA requires minimal 12-month leasing term. The unit has a built-in Murphy bed and all appliances. I have a gut feeling that prospective tenants who want to live in a small studio usually have no furniture. Would you share your experience if you own a small studio? If you furnish it, do you buy or lease furniture?

Why am I asking: it has been one month since I posted the rental property to Zillow, Craigslist and social networks with a reasonable price below Zillow’s estimate. However, I only received 5 inquiries and never heard back from them. The picture on Zillow is staged (from the previous owner) but I told them it’s unfurnished.

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