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Updated 25 days ago on . Most recent reply

User Stats

20
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7
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Stephanie Medina
  • Investor
  • Houston, TX
7
Votes |
20
Posts

How much will furnishing play into revenue?

Stephanie Medina
  • Investor
  • Houston, TX
Posted

I found a pretty stellar deal in Texas hill country, a few months earlier than I was prepared for (doesn't seem like most deals have particularly convenient timing!)   I can fund the deal, but it will be a real push with time/energy (this will be my first year owning STRs). Heck it's so good I could manage a loss for a few months but I really think the cash on cash return will be 10% + first year and 20%+ 2nd year.  I'm motivated enough though, because this is what I have been looking for!  

So here's my question.  This is a 3br home, but it's pretty small.  I will also need to do 15k+ in repairs.  I know I could put furniture on 0% interest credit cards, but I would need 2+ years to pay it off and I don't want to have to jump through hoops to cycle a balance onto new cards.  I know with places like Rooms to Go, I could get 50 months 0% financing, and honestly that would make cash flow so much easier and just be much less of a burden.  I am not sure I will have time to go thrifting or the like, as the property is 3 hours away and I work full time.  

So... how much of an impact would it be to just go straight to cookie cutter Rooms to Go stuff for the big ticket items?  Keep in mind, while this is a local destination, it's a small town and not a *ton* of competition.  I think most of the visitors are just looking for a nice private home to enjoy the hill country, which this home would offer.

Most Popular Reply

User Stats

32
Posts
29
Votes
Erica Dike
  • Interior Decorator
  • Nationwide
29
Votes |
32
Posts
Erica Dike
  • Interior Decorator
  • Nationwide
Replied

Based on what you’ve shared, I think you could go with Rooms to Go without an issue. Just keep in mind—your design is what ultimately makes these numbers a reality. Running the numbers on paper is one thing, but actually securing bookings at your target rate is another.

Sounds like you’ve got a good handle on your market and what your guests are looking for, which is key. Hill Country is one of my favorite quick getaways—peaceful, great views, and water that’s just nice to look at lol.

My biggest tip? Focus on creating a serene, standout vibe and avoid furniture sets. All it takes is one competing rental with a unique design, and suddenly, you’re in a price war. A well-designed space becomes a vacation destination in itself—one that holds its value and stays booked long-term.

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