Renting With Furniture or Ammenities Included

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Renting With Furniture or Ammenities Included

Jeff N.
SFR Investor · Virginia Beach, VA · Member since 2010 · 150 posts · 36 votes

When renting in a college town you see a lot more rentals with furniture. They typically rent for a slight premium ($50-$100/month) to empty rentals.

I have considered staging my rentals with basic furniture that are geared to students, but I also feel you may have a higher turnover rate. If a tenant has no major furniture interest in the property I feel it may be easier for them to walk away at lease expiration to another unit, rather than staying in place.

Any input on including amenities with your rentals?

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  • Dale Osborn
    Mobile Home Investor · Spanaway, WA · Member since 2008 · 1k+ posts · 578 votes
    15y

    Most people who do the furnished apts are marketing to business clientele who are in town for training, In the 70's & 80's most places were furnished, but over the years as the lack of parent training of their offspring gets less and less, it became too costly to do a furnished apt. Now the ones doing it are looking for upper end clients. In my opinion you would be opening up a can of worms and costing yourself more by trying to do furnished apts for college age kids who do not have Mom to pick up after them. Perhaps you could make it work if you added a maid service to the amenity list. Then are you an apt or a motel?

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  • Curt DavisBusiness Member
    Flipper/Rehabber · Memphis, TN · Member since 2008 · 5k+ posts · 2k+ votes
    15y

    A few of my homes I provide fridge, dishwasher and stove. I do this as I am asking premium rent and always get it for this reason. I dont want them to walk, having these keeps them interested.

    Curt Davis - KAIZEN Realty538 Reviews
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  • Derek Taylor
    Member since 2011 · 3 posts · 0 votes
    15y

    I have done it both ways. In my experience the extra 50-100 is not worth the damage or theft once they move out. Especially in more short term likely rental situations. (6 months to 2 years)

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  • Mark N.A
    Real Estate Investor · North Carolina · Member since 2008 · 1k+ posts · 483 votes
    15y

    Here in my college town the big luxury student complexes rent with furniture as well as with every other amenity one can think of.

    But I don't because my competitive edge is 'location'.

    College kids excel at destruction so I never put anything more than I have to within their destructive little paths.

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