All Forum Posts by: Emily Durbin

Quote from @Emily Durbin:

About to close in my first MTR—how much do you furnish an MTR? Fully furnished with linens, towels, kitchen utensils, cleaning supplies (like an STR), or do you allow the tenant to purchase their own sheets, towels, etc?

These are the estimates I use for mine. All the products I used are new from big box retailers with durable furniture, nothing from IKEA. Includes outdoor furniture and WFH setup. My idea with this list is to furnish at scale so it doesn't include hunting for the best deals, going on FB marketplace, etc. It's very possible to go cheaper and spend more time furnishing. For example, I did FB marketplace and IKEA for my first 2/1 and furnished it for $5k but spent 120 hours searching and getting furniture.

2 bed (Queen), 1 bath - $12k
3 bed (2 Queen, 1 King), 2 bath - $15k
4 bed (3 Queen, 1 King), 2 bath - $18k

Quote from @Emily Durbin:

About to close in my first MTR—how much do you furnish an MTR? Fully furnished with linens, towels, kitchen utensils, cleaning supplies (like an STR), or do you allow the tenant to purchase their own sheets, towels, etc?

 Hi Emily! You will want to fully furnish the unit, down to spatulas and kitchen utensils. You will want to include everything you would need to live there. Some investors recommend staying in your own unit for a night to see what is missing—do what works for you. Best of luck! 

Like others have said, furnished and equip a MTR like a STR. Here are our estimates for different size properties. This includes all furniture, linens, and household items.

Studio apartment $3000

1 bedroom $6000

2 bedroom $8000

3 bedroom $10,000

I'm curious, why lose one bedroom for a closet? I imagine you'll rent it out for more at a 3 bedroom.

Quote from @Eliott Elias:

I would budget for 10k 

 For the suggested $10K.... How large of an MTR are in your amount?  2/1?  3/2?   and that is to cover bedrooms, bathrooms, kitchen, and living room?  $10K is a good price.

@Emily Durbin

You're going to want to furnish it fully just like an STR. In some ways you save - where you might not provide disposables through the entire stay (like toilet paper) but you'll want to have a fully furnished kitchen where I'm an STR you can kind of go on the lighter side on kitchen furnishing.

You definitely need linens, sheets and towels etc. if it’s people like travel nurses or business professionals will expect them to be there.