Interior. Thursday , December 28th , 2017 - 05:38:43 AM
In almost every city, you can find booklets listing different complexes in the area. While these free circulars are not up to date with who still has apartments for rent and who doesnt, it is a great place to get a list of what complexes are in your new area. You can look at the location and list of amenities before you contact the leasing office for a tour.
Additionally, furnished properties offer higher yields compared to unfurnished properties. The main reason behind this is that tenants are more than willing to pay more in exchange for convenience. Furthermore, short-term leases are (more often than not) not covered by traditional leases and regulations which apply to longer leases.
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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