The Pros and Cons of Furnishing Your Keller Rental Property
There are a number of reasons an owner may decide to furnish his or her Keller rental property. Furnished spaces can entice renters looking for a simpler move and fewer responsibilities, and they can save property owners on the storage or disposal fees of extra furniture.
Sometimes renting your furnished home can be a good thing, while other times it can make property management in Keller more challenging. Here are some pros and cons that show both sides of the equation:
Pros:
You can charge more in rent by offering a fully furnished home.
Your property will be high on the list for renters moving without their own items, such as those moving from out of the area or those renting their first place on their own.
If you have extra furniture in the property or in storage, renting your home furnished can free up space or eliminate the costs of keeping it in a storage facility.
Cons:
You're nearly eliminating the chance of securing tenants that already have their own furnishings, greatly reducing the number of potential renters.
Concern regarding not just potential damage to the rental but also to the supplied furnishing adds another level of complexity to Keller property management.
While not always the case, many people looking for furnished rentals are more interested in short-term leases, requiring more work to keep the rental occupied and a potential loss in income during periods of vacancy.
Deciding to offer your Keller rental property with or without furnishings can depend on your financial goals for the home and the type of tenant that you want to attract.
