Should you furnish your investment property?

Should you furnish your investment property?

Lisa Indge - Let's Rent

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Short term fully furnished rentals are a really interesting sector of the market right now. Lots of people are getting very interested because the returns look to be quite high which can be the case however there are some pitfalls. It's really important that if you're looking to rent your property short term that you're not looking to rent too far from the city or too far away from amentities. The properties that are best suited to this type of market are close to the city, have views, usually are smaller - say one or two bedrooms. It's true to say that the short term market really is anything up to three months and the returns vary considerably depending on whether you're doing say one or two nights or three months. So you would expect to acheive a higher nightly rate on a shorter rental and a lower weekly rate on a longer term rental.



Listen to other instalments of The Smart Property Investment Show:
Episode 89: Renovating as a couple: two young investors share their story
Episode 88: Everything you want to know about the short-term rental market revealed
Episode 87: BONUS EPISODE: Former Olympian shares his property development know-how
Episode 86: How a former Olympian found new sport in property development: Ed Fernon's success story
Episode 85: Q&A session with Paul Glossop – more questions answered!
Episode 84: 'How I overcame dodgy builders to manufacture $100k in equity in less than a month'
Episode 83: BONUS EPISODE: Top Aussie broker’s tips for surviving changes to mortgage lending
Episode 82: The investment strategy that could allow this 32-year-old to retire TODAY
Episode 81: BONUS EPISODE: Secrets of the Perth market uncovered: invest now or wait?
Episode 80: Q&A session: SPI answers all your burning questions
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