May 4, 2012 Leave a comment
As a landlord you naturally want to keep the vacancy of your properties at an absolute minimum. An empty property is only going to cost you money. Ideally, you want to be able to go straight from one tenancy to another.
Not only do you want to make sure your properties are always bringing you income but you’re going to want to optimise this income.
One of the best ways to do this is to furnish your property. Furnished properties will receive a higher monthly rent and for only a relatively small amount of time and investment. As a minimum, an furnished property should be bringing in 25% more in rent than if it were unfurnished. This needs to cover the initial cost of furniture, ongoing replacement/repairs and for the extra work involved. Read more of this post