If you are an owner of a rental property that's still vacant, then this could be one reason. One of the questions that rental property owners often find themselves asking is "to furnish or not to furnish their rental property."
If you find yourself in a similar situation, then the information here should help.
The Complete Package
For many folks, renting a property is more than just finding something in a great location. It's about them not having to bother about buying new furniture for their new home. For rental property owners, hiring furniture is a no-brainer, especially for short-term rentals, mainly because it provides tenants a more convenient option as compared to having to furnish the property themselves.
Attract a Target Market
Maybe you want to attract a certain segment of the market. For instance, those rental property owners who are looking to target tenants who have moved from far away or students should definitely hire furniture for their rental property since that's going to attract specific demographics. Think about it, if you are a student who just wants a place to crash for a few months or a year, or maybe you're moving from another city or state and can't afford to bring your furniture alone. In this case, those rental properties that are fully or semi-furnished will be more appealing as compared to those where you will need to spend money on new furniture.
It Creates an Ambiance
One of the top reasons why renters reject rental properties is because, well, the property looks cold and uninviting. That's the last thing any owner of rental property would want to hear. To keep that from happening, more and more rental property owners are now hiring furniture to add a little warmth to their property. No, that doesn't mean you have to hire an interior decorator. By just adding a few pieces of furniture, you can make your property look welcoming to potential renters, which will shorten the days your rental property has to stay on the property listing.
Demand More Rent
While some would think of it as a sneaky way of bumping up the rent of a rental property, it is perfectly legal. After all, you are providing the tenant with a fully furnished plug-and-play home. Besides, potential renters would appreciate the fact that they do not have to spend an arm and a leg just to furnish their new home and would gladly pay a few extra bucks on the rent.
Tax Breaks and Deductions
Depending on which state you live in, landlords may also benefit from certain tax breaks and deductions if they furnish their rental properties.
So, now that you have found out the virtues of hiring furniture for your rental property, it's time you furnished your property before you find a reputable property listing.