Are you eager to boost your earnings potential from your fully furnished apartments for rent? If so, have you considered turning one or more into an executive rental? If your initial reaction is “Yes, but I know I cannot afford the updates or improvements”, give us a moment.
There are some simple ways to make fully furnished apartments for rent much more appealing without dipping too deep into your available capital. Here are several tips from the experts:
- Sincerely try to work with what you have right now – While there are things about your apartment that cannot be changed, such as architectural features or basic floor plans, you do have the blank canvas of the entire space to work with. Can you improve it with paint, new moldings, new furnishings and other simple additions?
- Do you have access to another executive rental? Maybe another property in your building is already an executive or corporate rental. If so, ask the owner to have a look and see what they have done. If not, look online to see what the proverbial “Joneses” are doing with their rentals.
- Tech – What sort of modern tech do you have in the apartment. An authentic executive property needs high speed everything, and the better you invest in this area, the more likely you are to attract renters.
It is easier than you think to improve and update a rental to the executive level!