As the mum of five young children, I know how important it is to have access to a safe outdoor space for your children to play. Being cooped up in the house all day isn't good for the kids or the parents, but you also can't let young kids play in a space that's hazardous. When we bought our new family home, there was a lot of work to do in the garden to make it childproof, and we also wanted to make it a fun place for the kids to play. We erected a new fence, fitted a combination lock on the garden gate, had poisonous plants removed, cordoned off the pool and created a play area complete with swings, a slide and outdoor games. I started this blog to share my DIY gardening tips, and I hope you find it interesting and useful.
Short-term rental can be a great way to maximise your rental returns on an investment property. Short term rental rates are usually higher and can be regularly adjusted as the market demand indicates. Short term rentals do need to be fully furnished, as short term renters are not usually bringing a house full of furniture for their short stay! As an investor starting out in the real estate game though, furnishing a home can be an expensive proposition. Luckily furniture hire has developed over the past few years into a great option for investors.
Fully tax deductible
As a renter of furniture the cost of your rentals is full deductible against any income you earn from the rental property. If you furnish the unit yourself you instead need to run a depreciation schedule on your furniture, which can take time and cost you big bucks in accounting fees. The treatment for furniture hire is much more simple and simply involves handing the rental statement to your tax agent.
No upfront costs
Once you have paid for your property and the costs of settlement, you may find your coffers bare. Furniture hire does not require as much of an upfront payment, with most hire companies simply asking for 2-4 weeks of rental fees in advance. This means you can afford to put higher quality furnishings in your property without the high initial price tag.
Easily attracting tenants
Having high quality fittings and furnishings can help you attract a better class of tenant, and charge a higher rental rate. In a tight rental market it can also be the difference between your property getting rented out or staying vacant and higher vacancy rates can rapidly diminish your overall rental returns.
With furniture hire it is easy to change out your full suite of furniture every 6-12 months, making sure that your furniture always looks on trend. If you furnish the property yourself it won't be updated as often and may end up looking tired and damaged after a while in a rental. The furniture can also be hired as a full and matching set, along with small items such as lamps, which can be very useful if you are not comfortable with the latest trends in interior design.
As you can see furniture hire is an easy and efficient technique to furnish a property that you intend to rent out. Contact a furniture hire company like Rentasaur to explore which furniture package may work best for your property.Share