Small, furnished city apartments can be very lucrative investments for landlords. However, the do present one significant problem: space. Space is definitely hard to come by these days, but wall beds can help a great deal in that department.
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. Through installing a wall bed, your furnished rental apartment will most likely stand out from the rest. 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 successful methods of adding value to a small furnished rental apartment is through the installation of a wall bed. 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.
Author Resource:
While homeowners have enjoyed the use of Murphy wall beds from More Space Place for years and years, landlords are only recently really getting into the game. With space at such a premium in so many situations, it is easy to see why wall beds are becoming more and more common in furnished apartments around Australia.
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