Why rent your place fully furnished?
Despite the increased competition, there are still advantages to renting out your unit fully furnished. Elizabeth Kee, a broker with CORE, says for the condo owner who spent $50,000 on furnishings and interior design but has to relocate and doesn’t want to sell, it makes sense to rent the apartment furnished rather than pay for the removal and storage of expensive items.
And tenants who are looking for the flexibility and convenience of a furnished apartment also benefit by not being charged the upfront move-in fees often demanded by condo and co-op boards. Kee says these fees are waived when there is no furniture being moved in and out.
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