According to the IRS, approximately 10.6 million Americans profit from rental property ownership. This could be you! By furnishing a short-term rental apartment, you can earn extra income from tourists and business travelers looking for a comfortable and restful place to stay in your city.
Renting an apartment can be a great way to get started in the world of real estate investing. You can learn about the rental market and how to manage tenants by renting an apartment. You can also use your rental as a way to build your investment portfolio.
But you need to furnish your apartment before you can rent it. Here are some tips on furnishing your rental property so that it’s both comfortable and appealing to potential tenants.
Furnish Your Rental Property to Appeal to Your Target Guests
When furnishing your rental property, it’s essential to keep your target guests in mind. What do they want? What do they need? By understanding your target guests and what they’re looking for, you can furnish your rental to appeal to them specifically.
For example, if you’re targeting families, make sure to have plenty of bedrooms and living space. If you’re targeting business travelers, consider adding a workspace or printer to the apartment. And if you’re targeting budget-minded backpackers, consider providing some basic amenities like towels and toiletries.
Furnish Your Rental Property with an Eye toward Style and Comfort
In addition to considering your target guests, you should also furnish your rental property with an eye toward style and comfort. After all, you want your guests to feel at home in your rental property.
Who are you hoping will rent from you? Families? Business travelers? College students? Knowing who your target renter is will help guide your furniture choices. For example, if you’re targeting families, make sure there’s plenty of bedroom and living space. If you’re targeting business travelers, consider adding a workspace or printer to the apartment.
How to Choose a Theme for Your Rental Property
Your rental property should have a cohesive theme that ties the whole space together. This can be anything from a color scheme to a particular furniture style. Having a cohesive theme will make your rental property more inviting and appealing to potential guests.
Not sure how to choose a theme for your rental property? Here are a few ideas to get you started:
Consider Your Location
If your rental property is in a beach town, consider furnishings that reflect the coastline. If it’s in the city, consider a more modern style.
Think about the kind of vibe you want to create. Do you want your rental property to be cozy and inviting? Or sleek and modern?
Who Are Your Guests?
Ask yourself what kind of guests you’re hoping to attract. For example, families may appreciate a more traditional style, while business travelers may prefer something more modern.
Once you’ve selected a theme for your rental property, furnishing the space will be much easier. Simply choose furniture and decorations that fit with your chosen theme.
Choose Furniture That Is Both Functional and Comfortable
Your rental property should be furnished with both function and comfort in mind. That means choosing furniture that is not only attractive but also comfortable and practical.
Here are a few quick and easy pieces of advice to keep in mind when selecting furniture for your rental property:
Make sure there’s enough seating for everyone. If you’re expecting a larger group, make sure to have enough chairs and couches for everyone.
Choose comfortable furniture. Your guests may be spending a lot of time in your rental property, so make sure they have comfortable furniture to relax on.
Consider the Size of Your Space
Don’t overcrowd your rental property with too much furniture. Instead, leave some open space so that guests can move around easily.
In addition to choosing functional and comfortable furniture, you’ll also want to ensure that it is durable. After all, you don’t want your furniture to be damaged by guests. So choose furniture that is made from sturdy materials like wood or metal.
Add Decorations that Reflect Your Style
Once you’ve chosen the perfect furniture for your rental property, it’s time to add some finishing touches. These finishing touches, such as decorations and artwork, should reflect your style. Adding these final touches will make your rental property feel like home.
When selecting decorations for your rental property, there are a few things to keep in mind:
Choose colors that complement your furniture. You don’t want your decorations to clash with your furnishings.
Consider the theme of your space and what ties it all together. Make sure your decorations fit with the overall theme of your rental property.
Durability and Longevity
Select items that are durable. Again, you’ll want to choose decorations that can withstand wear and tear from guests.
Some great ideas for adding decorations to your rental property include wall art, area rugs, and throw blankets. These items will add a personality to your space and make it more inviting for guests.
Consider Adding Amenities to Your Rental Property
Adding amenities is one of the best ways to make your rental property more appealing to guests. These are extras that will make your guests’ stay more comfortable and enjoyable.
Some great ideas for amenities include:
Most guests will appreciate having access to Wi-Fi during their stay. And if your guests are on a business trip, it’s a basic necessity.
Guests can relax in your rental property after a long day of sightseeing by watching their favorite shows on cable TV.
Fully Equipped Kitchen
If your rental property has a kitchen, ensure it is fully equipped with all the necessary amenities. This will allow guests to prepare their own meals if they choose.
Guests will appreciate having access to laundry facilities during their stay. This will save them from having to pack extra clothes.
By adding amenities to your rental property, you’ll make it more inviting and comfortable for guests. As a result, they’ll be sure to enjoy their stay and come back again in the future.
Use Photos to Showcase Your Furnished Rental Apartment
As a furnished rental property owner, you know that one of the keys to attracting quality tenants is making sure your apartment looks its best. And while you may have a good eye for design, it’s important to remember that not everyone shares your taste.
That’s why it’s always a good idea to use photos to showcase your rental property. By taking a few well-chosen pictures, you can give potential tenants a much clearer idea of what your apartment has to offer. Here are a few tips to keep in mind when taking photos of your furnished rental property:
Choose a Variety of Perspectives
Don’t just take one photo of each room from the same angle. Instead, try to capture the room from multiple angles. This will give potential tenants a much better sense of the layout and size of each space.
Use Natural Light
Open curtains and let natural light brighten up each room. This will make your photos look more inviting and help potential tenants imagine themselves living in your apartment.
Focus on Critical Features
When selecting which rooms to photograph, be sure to focus on those features that are most likely to attract tenants. For example, if you have a particularly large or nicely appointed kitchen, make sure to include several photos of this space in your listing.
By following these simple tips, you can ensure your furnished rental property looks its best in photographs – and help entice potential tenants to make it their new home.
Include a Detailed Description of Your Furnished Rental Property
When you’re marketing your furnished rental property, it’s essential to include a detailed description. This will give potential guests all the information they need to know about your space.
In your description, be sure to include:
- The number of bedrooms and bathrooms in your rental property
- The square footage of your rental property
- A list of furniture and decorations that are included in the rental property
- The amenities that are available to guests
By including this information in your description, you can be sure that potential guests will have all the information they need to make a decision. They’ll know exactly what your rental property has to offer and whether it’s the right fit for them.
Get Ready to Welcome Your Guests!
Now that you know how to furnish a short-term rental apartment, it’s time to get started. Use these tips to choose furniture and decorations that reflect your personal style. Then, add amenities to make your rental property more comfortable for guests. With a little effort, you can create a space that guests will love.
Are you looking for help managing your short-term rental apartment? Contact us today! We can help you take care of all the details, from marketing to cleaning. We’ll even take care of guest communications for you. So you can relax and enjoy being a rental property owner.