In this episode, we discuss whether it is profitable to furnish your investment property. We go through the numbers, the costs and the additional rent you are likely to receive.
For a 2 bedroom unit or apartment, you are likely to receive an additional $50 a week in rent ($2,600 a year), and it is likely that it will cost $10,000 to furnish that property. All up we include that this style of furnishing is generally not worth it based on these numbers. So, we talk through the alternatives you have to increase your rent more effectively.
Finally, we wrap up the show by discussing our upcoming podcast tour, which has recently changed dates. Click here to register for the new dates.
The Property Academy Podcast