Should I convert my rental property to fully furnished?

Converting your rental property to fully furnished can offer several benefits, particularly in markets with high demand for short-term rentals, corporate housing, or relocation services. Fully furnished properties tend to attract tenants willing to pay a premium for the convenience and comfort of having all necessary furniture and appliances included. This can lead to higher rental rates and shorter vacancy periods. However, furnishing a property also requires a higher upfront investment, and maintenance costs may increase due to the wear and tear of furniture and appliances. Additionally, some tenants may prefer the flexibility of unfurnished properties, which can be a consideration in areas with more long-term renters. Overall, a fully furnished property can be a profitable choice in the right market, especially in locations with high demand for temporary or short-term stays.