Welcome to the finale of our 4-part series on maximizing your profits with monthly furnished rentals. We introduced the series with the goal of helping landlords maximize their profits. In the series thus far, we discussed about the importance of pricing your furnished rental. We also covered the financial cost of furnishing a property, and we showed how leasing your property monthly can recover these costs. Additionally, we compared the revenues generated from monthly and nightly rentals, and we explored how HomeSuite can help landlords make the most of their monthly furnished rentals.
Welcome back to our four-part series on maximizing profits with monthly furnished rentals. Yesterday, we talked about the rise of demand for rentals and how furnished properties help reduce vacancy. We also previewed what this series will cover over the next few days and why this series can help landlords maximize profits. Click here to read Part 1.
Are you searching for a furnished rental? If you are, you might envision yourself settling in a townhouse in Cambridge, MA. Alternatively, you might see yourself coming home to a chic studio in the Upper East Side. While these types of rentals may well be available, they are just a small corner of the furnished rental industry. Furnished rentals today come in every residential property type. This includes, but isn’t limited to, traditional homes, condos, cottages, in-law apartments, regular apartments, duplexes, flats, and townhouses.