We have this rental apartment that we are going to turn into a furnished vacation rental. We don’t really enjoy dealing with renters, and we really don’t want to have to continually find people who will come in and sign a rental agreement, and then having to deal with people who don’t pay their rent on time or who do not treat the space as well as we would treat it. So, we decided to try out a different route with the space. We are thinking that it will be easier to manage if we have it all fully furnished and only rented out on a short term basis to people who are only in town on vacation or a longer extended stay for a work assignment. These types of people are generally better tenants anyway, especially if the company is paying the rent for them to be here on a work assignment. One of the easy things about this idea is that we already have enough stuff to furnish the place. Its a small apartment, and our home has a lot of furniture in it. So we aren’t going to have to buy much to put in there. But the basics, like kitchen plates and cups, and the bedroom things like new bedding are going to have to be purchased first. The last tenants were not very good at taking care of the place, so there is some upkeep that will have to be done soon as well. We are going to need to redo the carpet and the flooring in the kitchen, and get new blinds for all the windows. They had a cat that did not do well with blinds, and there are many places where they are ruined. Better to just get new blinds than try to fix them.
So, once we get all that work out of the way and get the place decorated, we are going to just list it on one of the vacation home rental by owner websites and hope that we start to get some interest and get things rented out. We still need to make some money on the place, but we don’t really want to have full time tenants in it, and we want it to stay nice and not have to be redone any more. The bedding is not a problem, but we don’t have to have to replace the blinds anymore, and we don’t want to have to re do the flooring either. So because of all that, I think that the short term vacation renter is going to be a much better choice for us than having the longer term and more permanent renters in that space. Its nice to be able to see if all fully furnished and looking really great, and to get to try to decorate and have things nice for the next customer, or the next visitor. These spaces usually rent really fast, so we are having high hopes for how much money we can bring in.