Interior. Wednesday , December 06th , 2017 - 03:27:56 AM
And because your tenants do not need to furnish the property and bring in big furniture, they are less likely to damage the walls of your property. But along with the advantages, prospective investors should also know what the disadvantages of furnished apartments are. Furnishing an apartment means that you will need to invest a sizeable amount of money from the onset. And that investment will not be a one-time thing. Over time, you may need to replace a few pieces inside the apartment.
Renting an apartment unit in San Diego is more or less like renting anywhere else in any major US city. The apartments conduct background checks that center on the applicants credit, rental and criminal history. Of particular importance are broken leases which apartments in San Diego deem to be very serious. Applicants with a prior broken agreement with a previous apartment will most likely receive an automatic denial.
Lastly, furnished apartments have a higher turnover rate influenced by different market forces including the weather and season, the holidays, currency exchange rates and others. That means that you will have your hands full looking for new tenants. Not every tenant is on the hunt for furnished properties as many have possessions that they wish to bring with them. Be aware that your target market with a furnished space may be considerably smaller. So if you want to start your own property investment, opting for furnished apartments is a smart choice.
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