Unfurnished apartments are always available for long-term rentals. Because each of these tenants brings their own furniture, if the property already has furniture, the tenants will need to rent a storage unit and it will cost them a couple hundred dollars extra to rent their homes, effectively pricing out the owner. The point is usually made by that alone, but if they still need more, I tell them people are more comfortable using their own furniture than someone else’s, the furniture may not match the tenants’ style/decor, and it is extremely difficult to assess the cost to a depreciating asset if there is any damage to it.
You may also be interested in our post on managing risk with investment properties.”
We do not offer leases of 3-6 months. It is not my intention to promote one over the other, but to backdoor my readers into realizing that long-term stability is more important than short-term stability.
If something happens, we cannot seek monetary damages against owners because we cannot insure their belongings.
You have a very good reason for wanting to rent a furnished property. After you move out, you won’t need the furniture since it is already there. We have found, however, that renting a furnished unit actually decreases the number of potential tenants considering the property. The number of people looking for furnished apartments has decreased. The furniture can’t be maintained like the rest of the house over the long term. The furniture will just get older and less valuable as each year passes, even if we paint the walls and clean the carpets.
Rent for short-term furnished apartments ranges from 20-35% whereas long-term management charges 8-10%.