As a landlord, you are undoubtedly always looking for ways to earn more money from your investment properties. You can't start charging higher rent for no discernible reason, though, and many improvement projects cost more money than they are going to bring in. Given these points, it's not surprising at all that so many property investors and landlords are beginning to use wall beds - especially in small, furnished rental apartments.
Create A More Flexible - And Useful - Living Space -
Tenants can be quite picky when it comes to choosing an apartment to live in. By offering them as many options as possible, you increase your odds of finding worthwhile tenants by a considerable margin. One of the quickest and most successful ways to expand living space in small furnished apartments is though the use of Murphy wall beds. With a wall bed, your tenants can turn one room into two or three; the options are truly staggering.
Attract More Tenants -
Tracking down the right tenants is one of the toughest jobs that a landlord has to do. When you have a plain, small, cramped apartment, it's not easy to sell many different people on its merits. When you have very little space to work with, a wall bed can help a great deal. Indeed, by installing wall beds in your furnished apartment rentals, you can stand out from the crowd in a very positive way. In turn, you'll attract a wider range of people to your properties, and will have an easier time filling vacancies.
Charge More Rent -
There's no question that improvement projects can earn you higher rent in the long run; the problem, though, is pinpointing which projects to have done. After all, you don't want to pour a considerable amount of cash into a project that won't translate into higher rents for you. One of the most surefire ways to bring up the value of your small furnished apartment rentals is installing wall beds. Murphy wall beds are wonderfully versatile and are wonderful things to advertise in listings. Since one room can double as two, you can reasonably charge more rent many times.
Give Your Tenants More Options -
Not everybody needs an extra bedroom - or any bedroom at all, for that matter. Some people prefer to use an extra room for entertaining or for studying; sleep is just an afterthought. When your apartment rental properties have wall beds, you can appeal to those who don't see a big need for having an actual bedroom to use. Since the beds fold up into the wall - revealing shelving or other nice features - they can enjoy the best of both worlds with ease. Wall beds are a worthwhile idea for any landlord.
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