How To Furnish A Short Term Rental Property

How To Furnish A Short Term Rental Property


Okay. Everybody is wondering about
furnishing their short-term rental properties. It’s probably the biggest
expense when it comes to having a short-term rental property. So, how do you
furnish your short-term rental property? Where do you find the furniture? How much
did you spend? What should you buy? That’s what we’re
talking about. Let’s go. In this video, I’m going to be covering
where you should be looking to find furniture, how much furniture you need.
How much money you should spend and I’m going to give you some secrets on how to
get discounts and how to get low price furniture that’s really high quality. So,
number one, when you’re talking about buying furniture for your short-term
rental, the first thing that you want to do before you go to any store to buy
anything is you want to start with your house or your apartment. You want to go
through it with a white piece of paper and you want to map out the entire house.
Go through every single room and map out the house. Think about where the bed will
be. Where the dresser will be. If there will be a TV in that room. If there’s
going to be one nightstand or 2 nightstand. You want to go through and
map out of the house. You want to think about what furniture is needed in every
single room and account for that furniture. Once we kind of decide what
furniture we’re going to put in, then we can decide where we’re going to get it and if
it’s even necessary. But step one, before you even go to any stores and just start
shopping and buying random things, you really need to know, “Okay, what do I
absolutely need? What pieces do I need before you make a move?” Number 2, when
you’re after you have mapped out your entire house, you’re going to outline each
of the rooms and you’re going to outline what is needed in each room. So, of course,
every bedroom needs a bed. But what size bed? Are you going to put a king, a queen,
twins, a bunk bed? You need to determine how many people can comfortably sleep in
your home and determine how to make each room fit that so that you can maximize
and increase the number of people that can sleep in your home. Now that you’ve
outlined the rooms and you’ve decided this room can comfortably sleep too, you
may think to yourself, “Well, maybe, it could sleep 3 if it had a air
mattress in the closet or if it had a pullout or if it had a trundle under it.”
Things like that. Now, when it comes to the master bedroom, I don’t suggest you
doing this. Sometimes the master bedroom it really needs to compare to a hotel
room and have a king bed in there for example, a nice stand on a TV. The master
bedroom really to be like a hotel. So, don’t do this with
the master bedroom. If you only have a one-bedroom, do not stack a bunch of beds
in that room, okay? Think about this. But be strategic and be realistic with what
people might enjoy. Once you have your list and you’ve outlined what furniture
is needed in each property, go ahead and start to outline a budget, okay? You need
to outline a budget how much are you going to spend? I’m going to give you some
great tools and tips and you’ll actually see a little bit of footage in here from
some properties that our Airbnb that talked about how to get some beds pretty
inexpensively. And I’m going to tell you kind of where to get some of those
beddings. But one of the things that we do is we like beds that are sturdy and
they can hold a lot of people. But at the same time, we don’t want to spend a lot
of money. So, if you’re thinking about beds, you don’t want to spend a whole lot
of money on the beds. You don’t want to get those fancy beds that cost thousands
of dollars. You really want something that’s sturdy and that is nice looking
but it’s going to do the job. This is not your home, you don’t want to upholstery
and diamonds and studs and all that other stuff. You want a nice bed that’s
comfortable and you’re going to end up spending some money on mattresses. So,
take the time to research what some mattresses cost. Get the prices of king,
queen, twin, full. Know what mattresses cost because that’s where you’re going to
have to spend a little bit of money. I’m not saying spend a ton of money on
mattresses but please do not buy $100 mattresses when you should be buying
$300 mattresses. Alright. Now, that we have our budget, we are going to start shopping.
And the key to shopping for furniture for your short-term rental is sturdy and
basic. If you don’t remember anything else,
remember those 2 words. Sturdy and basic. You’ll see from the beds that from
the footage that we’re showing you now, these beds are sturdy and basic. They are
from Ikea. So, I’m going to give you some great stores that you can go to. So, IKEA
is one. They have some stuff that is inexpensive but sturdy. They also have
some stuff that is inexpensive and not sturdy. Again, we want sturdy. So, think
about it. Is it metal? That’s probably good. Or is it like a cheap wood. You want
the metal. You would want something that’s sturdy and it’s going to be able to
hold people that have weight. Okay? And everybody is 10 pounds. People are full size. These are adults that are sleeping on the bed.
And you want to make sure that they don’t break your beds when they sit on
them. So, you want a sturdy basic bed. So, I’m going to give you some stores that you
can go to. Again, IKEA is number 1. Another great store to get furniture for
your short-term rental is rooms to go. Now, yes this could be a little bit more
expensive and of course this video is not endorsed by them. I got no money from
rooms to go or from Ikea or any of these stores. I’m just telling you the truth.
Rooms to go has some really great furniture. But not all of it is going to
be good for what you’re trying to do. Remember, basic and sturdy. So, you’re not
going for those high-end things. You’re not going for things that are super
expensive. But they have some great brands like Ashlee and a few other of
their brands that are national brands, they’re sturdy. They’re not very
expensive. And the great thing about rooms to go why I do recommend it in
many cases is because they have a great credit program where you can borrow the
money for that furniture. Have it making money for you while you’re making
payments. So, for many people, this is a great way to get started. Yet you’re
taking on a little bit of debt. But that debt is being paid back from the
business that you have running. The next place you want to get furniture is going
to be used furniture, okay? So, Salvation Army, Goodwill, consignment stores. They’re
going to be a great place to get a lot of things that you need. Now, of course, we
are not buying mattresses and beds most likely from you know Salvation Army and
Goodwill. However, they do have actually the bed frames. I would totally buy those.
But another great thing that they have that I absolutely love is decor. Yes,
decor. One of the things that you will spend some money on when furnishing your
home are decor. It can’t just be a bed. There needs to be a little plant or
there needs to be something on the wall a nice painting. Little decor for the
wall. And Goodwill, Salvation Army, consignment stores.. These use furniture places. They have a ton of that stuff. People give away that stuff
like crazy. And I usually get pretty much all of my decor from used stores. I
pretty much get all of my decor from stores where people have donated those
items and I get it for a great price. And last but not least, you
want to stick to your budget. So, you made the budget. Please stick to it. So, many
times people will go out and they start shopping and they just start buying
things and spending more than they want it to spend. If you wrote down that you
are spending this amount, you should try to stick to that. Because you are going to
get way off of your business if you start spending more money than you had
budgeted for. If you’re finding that you didn’t budget enough, then you need to
look at the internet and see if you can find things for those
prices. A lot of times you can find things on Amazon and online at a better
price than you can out in a store. Additionally, you want to do your
research before you go to the store. Especially if you are finding that you
are not finding things for the prices that you set in mind. Something’s either
wrong with your budget or you’re not at the right stores. Alright guys. So, that’s
how you will furnish your short term rental property. Follow those steps and
you will be successful. Alright. So, go ahead and take this moment and go ahead
and subscribe to my channel. Please go ahead and like this video if you’ve
enjoyed what I said. Comment below remember I read all of
your comments. I love commenting and replying with you and teaching you all
of these things so that you can be successful in your new businesses. And
the businesses that you already have. To your success.

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