Investor · San Antonio · Member since 2020 · 3k+ posts · 3k+ votes
Has anyone had experience with renting furniture for a short term rental? If so are there any companies that are recommended? I know if a person wants to keep a short term rental long-term for an investment they would be better off buying the furniture and such. My thoughts were Since I am not certain as to whether or not a short term rental would be a good fit I am a little nervous to go whole hog and buy everything upfront.
I buy furniture from estate auctions. The 4 major appliances too. I can furnish an empty 3 bedroom house for under $1000, and fit all the things on my 16 foot trailer. Sometimes I'll buy all the furniture and leave it on the trailer parked in a garage before I even start looking for a house to buy.
All that said, though, furniture is so inexpensive these days that you could likely furnish a place through Wayfair and Amazon for the amount that it would cost you to rent it for 6 months or so. If you're unsure of your potential returns, I'd invest into a tool like AirDNA or AllTheRooms to better analyze the market and then just go for it.
I buy furniture from estate auctions. The 4 major appliances too. I can furnish an empty 3 bedroom house for under $1000, and fit all the things on my 16 foot trailer. Sometimes I'll buy all the furniture and leave it on the trailer parked in a garage before I even start looking for a house to buy.
I buy furniture from estate auctions. The 4 major appliances too. I can furnish an empty 3 bedroom house for under $1000, and fit all the things on my 16 foot trailer. Sometimes I'll buy all the furniture and leave it on the trailer parked in a garage before I even start looking for a house to buy.
If you're putting furniture in a brand new house with fancy amenities, maybe new is best. Otherwise you can get good used furniture on FB marketplace or craigslist. Estate sales are a good idea.
All that said, though, furniture is so inexpensive these days that you could likely furnish a place through Wayfair and Amazon for the amount that it would cost you to rent it for 6 months or so. If you're unsure of your potential returns, I'd invest into a tool like AirDNA or AllTheRooms to better analyze the market and then just go for it.
Hope this helps!
How can I get an idea without buying the AirDND tool? If I’m going to have short term rentals for sure I don’t mind investing in that tool, but to get the software just for a peek if it would be a good fit may be an overkill.
@Joe S. Not sure if it has changed since you last looked, but AirDNA gives free access to the "Rentalizer". It's very basic but does help set the tone for market rental rates in your area.