Reader Question: 

Based on your experience, roughly how much extra could I collect in rent if the property is furnished?” 

property is furnished
Photo: Pexels/unsplash.

So, what if my property is furnished?

Feature agent: Madeleine Smith, New Client Relations Manager at Raine & Horne Terrigal – Avoca Beach.

See the rental property listings Raine & Horne Terrigal – Avoca Beach currently has listed on Rent.com.au.

See other posts from Madeleine Smith here.

Michael, we asked Raine & Horne Terrigal – Avoca Beach New Client Relations Manager, Madeleine Smith for her insight into this question:

Madeleine said that while her office does not do furnished properties, it’s worth consider other factors.

“There is more to consider apart from the additional rent that may be gained such as additional wear and tear, the increased turnover of tenants or shorter term leases,” she said.

Offering a furnished rental property to tenants can demand higher rental yields, but this can be offset by high tenant turnover. So is there more to a successful ‘rent-vestment’ than the included yellow futon? Here, we look at whether furnished properties are a good option for property owners.

Have a burning question you’d like answered? The Rent.com.au Community is our Facebook group for renters, agents and landlords.

Madeleine Smith
Madeleine Smith
Former Business Development Manager at | gosford@ljh.com.au

Madeleine Smith was the Business Development Manager for LJ Hooker Gosford, Lisarow and East Gosford on the Central Coast of New South Wales between 2015 and 2018. She won the LJ Hooker Top Business Development Property Investment Manager NSW/ACT 2017-18 and 2016-2017 awards. In her time at LJ Hooker Gosford, Madeleine also worked as the Senior Property Manager, maintaining a portfolio of 300+ properties and as a Property Manager.