You're ready to become a monthly rental landlord! Renting out your property to month to month travelers, relocating families, and traveling professionals is a great way to maximize your rental income while providing homes for responsible tenants. One of the first steps to a successful monthly rental is furnishing your property appropriately. In this article, we’ll provide you with some expert tips on how to furnish a monthly rental so it will be perfect for month to month rental.
1. Start with the essentials:
When furnishing your monthly rental, begin with the essentials that every tenant will need. This includes a comfortable bed, basic kitchen appliances and utensils, a dining table and chairs, and comfortable sofa for the living room. Make sure to choose durable and easy-to-maintain furniture that can withstand regular use. Remember, with a month to month rental, tenants need access to things like pots, pans, extra sheets and towels, and other things to allow them to live comfortably.
2. Focus on functionality and flexibility:
Monthly rentals cater to a wide range of tenants, each with different needs. Opt for furniture that is versatile and durable. While these month to month tenants are much easier on furniture than a short term rental guest, you want to avoid replacing furniture in between stays. Consider adding things like a desk and chair, sofa couch, and patio furniture if your space allows. This will let your month to month tenant have flexibility and open up the possibility of them extending their stay.
3. Create a welcoming and homey atmosphere:
Make your tenants feel at home in your monthly rental by adding decorative elements and personal touches. This doesn't have to be over the top like in some short term rentals or vacation rentals. It can be as simple as some art on the wall, comfortable rugs, and good throw blankets. Don’t forget about lighting. This can make your monthly rental feel welcoming, and also increase safety for tenants.
4. Invest in quality furniture and appliances:
While it may be tempting to go for budget-friendly options, investing in quality furniture and appliances will pay off in the long run. High-quality pieces are more durable, require less maintenance, and can enhance the overall experience for your tenants. Also remember that month to month tenants expect kitchen appliance like a microwave, coffee maker, and even an air fryer. Think of the pieces you use on a regular basis in your own kitchen, and be sure to include those.
5. Emphasize storage solutions:
Tenants staying in monthly rentals often bring their belongings with them. To accommodate their needs, provide ample storage solutions such as built-in closets, dressers, and bookshelves. This will help them feel organized and comfortable during their month to month stay.
6. Pay attention to details:
To make your monthly rental stand out from the competition, pay attention to the small details. Ensure that all appliances are in good working condition, that the property is clean and well-maintained, and that basic amenities such as Wi-Fi, cable TV, and essential toiletries are provided. (Tip: You don't need to provide toiletries and cleaning supplies for the entire stay, just enough for the month to month tenant to get started.)
7. Use a checklist!
We have created a master monthly rental furnishing checklist for your use to help you create the perfect rental property! By using this checklist, you'll make sure you include all of the necessary furnishings for month to month rentals! Furnished Finder is your hub for all of the resources you need for monthly success!
Download the Furnished Finder printable furnishing checklist here! (opens in new tab)
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