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Updated over 2 years ago on . Most recent reply

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Dave Tov
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Most Popular Reply

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Ricky A.
  • Rental Property Investor
  • Chapel Hill, NC
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129
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Ricky A.
  • Rental Property Investor
  • Chapel Hill, NC
Replied

Which "poor" are you---cash poor or time poor?

We're currently in a similar situation. Just closed on a property that we'll use as an STR in the NC High Country. It came furnished, but there are some missing pieces and some pieces that we want to change.

I looked on Facebook Marketplace, and we could definitely get some good pieces for reasonable prices, but it would also require a lot of our time to drive and pick up those various pieces.  So instead we're buying what we need from Wayfair and Amazon, having it delivered to us, and will take it and install it ourselves.  Granted 1) we're not having to furnish the entire place, 2) we can let it ride as-is for a few weeks while not seriously affecting bookings, and 3) we also have time to see what kinds of Black Friday/Cyber Monday deals we can get to save cost.

I put us in the middle of the spectrum of cash vs time being most important because we'll spend more money to get the stuff but save time on the acquisition side.  However, we will still have to spend time installing.  If you're even further on the spectrum of being "time poor" then there are companies that can probably do all of it (from selection to procurement to installation) for you as a turnkey service.

  • Ricky A.
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