Should Lilburn Property Owners Furnish their homes?
For Lilburn property investors with single-family rental homes, the question of how much to include with a property is an important consideration. Most renters will expect a rental house to include some appliances and perhaps blinds on the windows. But the bigger question is whether and how much a property investor should furnish their rental home. For short-term renters, a furnished house may be appealing, but long-term renters are different. Because they plan to stay for several years, they are looking for a place in Lilburn they can make feel like their own.
For single-family rentals, there are many reasons why furnishing the home is both unnecessary and impractical. Perhaps the biggest reason is that most of your renters probably will not like the furniture someone else buys for their rental. Personal taste varies widely, and few things are more personal than home furnishings. Prospective tenants may like the rental home, but ask whether the furnishing can be removed.
This can put a property owner in a difficult situation. Furnishing and then removing all furnishings from a rental house is a huge investment in both time and money. But by insisting that tenants live with the furnishings you buy for your rental property, you run the risk of significantly reducing your pool of possible tenants.
There are other disadvantages to furnishing a long-term rental home. For example, odds are high that even a conscientious renter will not treat your furniture as if it were their own. If the renter doesn’t like or want the furniture, that may further complicate things. They may not care for the furniture properly, or even abuse or damage things. They may try to move the furniture themselves to make room for their own, which may result in damage, improper storage, or even losing furnishings in the shuffle.
Furnishing a rental home adds another layer of difficulty for the Lilburn owner due to the need to track and monitor furnishings in addition to the home itself. Doing so raises a number of important questions about how this will be done. In the event that your owner-provided furnishings are damaged, how would that damage be monitored and documented? How much damage constitutes normal wear and tear, and how much is negligence? It may be nearly impossible to keep track of every fabric tear, ding, scuff mark, and so on.
For short-term rentals, such as vacation or corporate rentals, offering them as partially or fully furnished is a necessary part of doing business. But for property investors who market their single-family homes to long-term renters, furnishing the property is not only unnecessary, it may also make renting and managing the property much harder than it needs to be. When questions of whether to furnish a rental home arise, the professionals at Real Property Management can help. We advise our Lilburn investors on solid business strategies and best practices that make renting and maintaining quality long-term rental homes a streamlined, profitable endeavor.
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