The answer is…it depends.
-Examine current rental inventory and whether the majority are furnished or unfurnished.
-Is there a rental premium for furnished condos in your specific building?
-Assess average days on market for furnished condos. Unless furnished rentals lease 30 days quicker, then it might not make sense to furnish condos.
-It’s important to keep furniture costs low. Even a $500 rent premium, or $6,000 per year will take over 3 years to recapture $20,000. It’s also important to keep furniture as generic as possible.
Luxury Real Estate Advisors has evaluated furnished versus unfurnished residences for every Las Vegas condo