Add Value to Your Rental

Real Estate investors often look for ways to add value to their units. Rehabing bathrooms and kitchens top many an investor’s list. Creating extra bedrooms and bathrooms top other’s lists. But what if you could add value without lifting a hammer or getting a building permit?

How? Add furniture, some basic kitchen essentials and list it on Furnished Finder for traveling medical professionals. You can spend $4,000 or less to outfit a two bedroom one bathroom unit, hook up the electric and wifi, list it on Furnished Finder and boom – you’ve increased your rent and the value of your property. Traveling professionals generally get a housing stipend and can afford the higher price point than you are getting for the same unit unfurnished.

Another great reason to list on Furnished Finder rather than Airbnb, is that Furnished Finder is where traveling nurses tend to go first when looking for housing in their next contract city. What are the landlord’s benefits for renting to medical professionals? First, they are professional. Second, they get background checked for every new hospital contract – up to 4 times a year. Rest assured that you will not be renting to criminals.

If you have a multi-family property set up and make them all furnished rentals, you could potentially double your monthly cash flow. How’s that for value? After six to 12 months, you could pull your rent history, head to the bank and refinance your property at a higher value and possibly pull out equity to go buy another property. Now that builds your value fast.