Your Lettings Journey

Ep 5 - Should I Furnish My Rental Property?

May 12, 2023 Your Lettings Journey Season 2 Episode 5
Your Lettings Journey
Ep 5 - Should I Furnish My Rental Property?
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Show Notes

So, you've got your rental property all set up and ready to go. But before you go ahead and fully furnish it, ask yourself this: will your prospective tenants really appreciate it? And can you charge a higher rent for a furnished property?

It's tempting to think so, but if the furniture gets damaged, surely you can just put in a claim against the tenants deposit, can’t you? And on the flipside, you don't want to end up with your new furniture sitting in storage, or worse, your property standing empty for longer than it should.

But that's not all. Before you decide to fully furnish your property, consider this: how many families do you know who don't have at least some of their own furniture? And is your target market really looking for furnished properties in the North London area?

Don't make a costly mistake. Listen to this episode now and get ready to make informed decisions that will benefit you and your rental property.

On this week's episode of Your Lettings Journey, Romesh and Rachel dive deep into the topic of furnishing your rental property. From the potential benefits to the risks involved, they cover everything you need to know before making a decision. Specifically looking at:

🏠 The tenant types that typically require furniture.

🏠 The potential risks of providing furniture

🏠 The link between furniture and fire safety

🏠 The impact of depreciation on your deposit claim

With stories, anecdotes and ‘stats & facts’, this podcast will be both interesting and informative for any Landlord.

To listen to more episodes of Your Lettings Journey click here

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