Even if you’re not planning to furnish your investment property, it is still worth getting a few basic items to attract tenants and increase your rental income.
Families and long term tenants will probably have a lot of their own furniture.
Laminated or wooden floors are more durable than carpets and advisable for long term leases.
Students and professionals will be attracted to desks and chairs.
At a minimum, you could include
- Sofas
- Side tables
- Beds
- Bedside tables
It is a good idea to get durable, good quality items but you don’t have to break the bank either.
See what items you can pick up for free from gum tree or other sites.
Check with your accountant to see what items are subject to depreciation.
Make sure that all the furniture complies with fire safety regulations and keep all your receipts and safety labels attached to the furniture.
Failure to comply with safety regulations as a landlord is a criminal offence and non compliance could also invalidate your insurance cover.
Join the growing number of smart Aussie landlords using RealRenta to automatically manage their investment properties:
https://app.realrenta.com/Signup.aspx
