Prospective landlords who are considering offering rental properties in Wisconsin will find there are numerous benefits related to offering fully furnished rentals. While many prospective tenants do have their own furnishings, that is not always the case. There can be many circumstances in which a tenant may have a need for a furnished rental. For instance, students who are moving out on their own for the first time, graduates embarking on their first job, newly married couples and individuals who are divorced or separated may all have a need for a house or apartment that is furnished. In addition, many business people who travel frequently and may stay in a place for an extended period of time may find it more beneficial to rent a furnished property than to stay in a hotel.
In all of these circumstances, offering a fully furnished rental can help to broaden your target rental market. Furthermore, many landlords have found that offering a furnished rental can actually be quite lucrative. This is because a furnished rental can typically allow landlords to charge a higher rental price. The exact amount a furnished rental can fetch will vary based on a variety of factors, including location, condition and size.
While at one time the only furnished rentals available typically included rooms for rent and furnished apartments, there are now all types of furnished rentals available throughout the state of Wisconsin. This includes furnished houses, condos, duplexes, townhouses and even mobile homes. Furnished cabins have also become quite popular in rural areas and vacation hot spots.
When considering the prospect of renting out a furnished rental in Wisconsin it is important to know how to properly market your property. Marketing your furnished rental online is a great way to increase exposure for your rental property and make certain you reach the maximum number of prospective tenants possible. One of the most important factors to keep in mind when advertising your furnished rental is to provide sufficient information about the type of rental available, size and the furnishings included.
The type and amount of furnishings you offer in your rental can vary, depending on what you have available and your own preferences. Many furnished rentals include only the necessities, allowing Wisconsin tenants to add their own items to round out their furnishings. Other furnished rentals include not only the basics, but also additional items such as electronics and decorative items as well.
You should also consider the length of the rental term you wish to offer. Many Wisconsin rentals are rented out on a month to month basis, providing more flexibility and freedom for both the landlord as well as the tenant. In other cases, the landlord may desire more stability and can easily require a six month lease or even a year-long lease. Whatever you decide, make certain you are upfront and clear about the terms of the rental or the lease when marketing your furnished rental. This will help you to attract the most qualified tenants to your furnished rental property.