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  • July 2, 2011 at 10:10 AM #18908
    matt
    Participant

    Looking to rent my La Costa Oaks property (4bd 4.5 bath, 4000 sq ft). Wondering what the market is like for longer term furnished or partially furnished rentals of this size in this area? Does it make it much harder to find a tenant? Would it yield higher rents? Would love to line it up as a corporate rental but perhaps that’s being a bit dreamy. Looking for your thoughts and comments on factors to consider and pros and cons. Thanks…

    July 2, 2011 at 10:56 AM #707025
    NotCranky
    Participant

    Maybe home insurance companies would have someone for you for a year at a time or more.

    July 2, 2011 at 10:56 AM #708238
    NotCranky
    Participant

    Maybe home insurance companies would have someone for you for a year at a time or more.

    July 2, 2011 at 10:56 AM #707123
    NotCranky
    Participant

    Maybe home insurance companies would have someone for you for a year at a time or more.

    July 2, 2011 at 10:56 AM #707875
    NotCranky
    Participant

    Maybe home insurance companies would have someone for you for a year at a time or more.

    July 2, 2011 at 10:56 AM #707722
    NotCranky
    Participant

    Maybe home insurance companies would have someone for you for a year at a time or more.

    July 2, 2011 at 6:36 PM #707935
    sdrealtor
    Participant

    In general people renting in LC Oaks are likely to want to use their own furniture. You may get an international exec for a year or two furnished. Short term corp rental would put lots of wear and tear on the house as well as be expensive to manage. You could probably get about $1000 more per month furnished.

    July 2, 2011 at 6:36 PM #708298
    sdrealtor
    Participant

    In general people renting in LC Oaks are likely to want to use their own furniture. You may get an international exec for a year or two furnished. Short term corp rental would put lots of wear and tear on the house as well as be expensive to manage. You could probably get about $1000 more per month furnished.

    July 2, 2011 at 6:36 PM #707783
    sdrealtor
    Participant

    In general people renting in LC Oaks are likely to want to use their own furniture. You may get an international exec for a year or two furnished. Short term corp rental would put lots of wear and tear on the house as well as be expensive to manage. You could probably get about $1000 more per month furnished.

    July 2, 2011 at 6:36 PM #707183
    sdrealtor
    Participant

    In general people renting in LC Oaks are likely to want to use their own furniture. You may get an international exec for a year or two furnished. Short term corp rental would put lots of wear and tear on the house as well as be expensive to manage. You could probably get about $1000 more per month furnished.

    July 2, 2011 at 6:36 PM #707087
    sdrealtor
    Participant

    In general people renting in LC Oaks are likely to want to use their own furniture. You may get an international exec for a year or two furnished. Short term corp rental would put lots of wear and tear on the house as well as be expensive to manage. You could probably get about $1000 more per month furnished.

    July 3, 2011 at 4:15 PM #707788
    earlyretirement
    Participant

    I don’t know about the LC Oakes area. But as you mentioned, the main market for the furnished rentals are corporate market or if it’s a desirable area then vacation rentals.

    I own many properties and I furnish all of them. I don’t go for the long-term rental rather the short-term market (both tourists and corporate business travelers).

    Generally your properties have to be in super desirable areas for both of those types I mentioned above. You can use websites like VRBO.com, Homeaway.com, Flipkey.com, AirBnB.com and many others.

    On longer term rentals, people mostly want to use their own furniture I’ve found unless you have REALLY nice stuff. I’ve done a few longer term rentals with my properties. Even though they weren’t geared towards the long term market, they really liked it as the furniture was all really high end, LCD/LED TVs in each room, etc.

    There is a segment of the population out there that will be more interested in renting a furnished rental as long as the furniture is high end and not funky. Comfortable, high end mattresses are also a big plus, especially with the corporate executive type.

    In my rentals, even in the properties outside of the USA, I put in VoIP phone lines (via Vonage.com) so business executives can stay in contact with their family/business associates/friends. It’s more professional and convenient vs. Skype or other things. I also include a GSM local cellphone that they can use to have a local #. They pay for any airtime via refillable credits so it doesn’t cost me a dime other than the expense to buy the cellphone. I also put in a local phone line and have a block on it so they can only call local #’s.

    Obviously I include free wi-fi high speed access and put in the extensive cable package or DirecTV so they have all the essential channels. This really helps attract the high $$ crowd. It’s so much more convenient vs. a hotel. The ROI is MUCH higher than renting it out on a long-term tenant.

    July 3, 2011 at 4:15 PM #707188
    earlyretirement
    Participant

    I don’t know about the LC Oakes area. But as you mentioned, the main market for the furnished rentals are corporate market or if it’s a desirable area then vacation rentals.

    I own many properties and I furnish all of them. I don’t go for the long-term rental rather the short-term market (both tourists and corporate business travelers).

    Generally your properties have to be in super desirable areas for both of those types I mentioned above. You can use websites like VRBO.com, Homeaway.com, Flipkey.com, AirBnB.com and many others.

    On longer term rentals, people mostly want to use their own furniture I’ve found unless you have REALLY nice stuff. I’ve done a few longer term rentals with my properties. Even though they weren’t geared towards the long term market, they really liked it as the furniture was all really high end, LCD/LED TVs in each room, etc.

    There is a segment of the population out there that will be more interested in renting a furnished rental as long as the furniture is high end and not funky. Comfortable, high end mattresses are also a big plus, especially with the corporate executive type.

    In my rentals, even in the properties outside of the USA, I put in VoIP phone lines (via Vonage.com) so business executives can stay in contact with their family/business associates/friends. It’s more professional and convenient vs. Skype or other things. I also include a GSM local cellphone that they can use to have a local #. They pay for any airtime via refillable credits so it doesn’t cost me a dime other than the expense to buy the cellphone. I also put in a local phone line and have a block on it so they can only call local #’s.

    Obviously I include free wi-fi high speed access and put in the extensive cable package or DirecTV so they have all the essential channels. This really helps attract the high $$ crowd. It’s so much more convenient vs. a hotel. The ROI is MUCH higher than renting it out on a long-term tenant.

    July 3, 2011 at 4:15 PM #708303
    earlyretirement
    Participant

    I don’t know about the LC Oakes area. But as you mentioned, the main market for the furnished rentals are corporate market or if it’s a desirable area then vacation rentals.

    I own many properties and I furnish all of them. I don’t go for the long-term rental rather the short-term market (both tourists and corporate business travelers).

    Generally your properties have to be in super desirable areas for both of those types I mentioned above. You can use websites like VRBO.com, Homeaway.com, Flipkey.com, AirBnB.com and many others.

    On longer term rentals, people mostly want to use their own furniture I’ve found unless you have REALLY nice stuff. I’ve done a few longer term rentals with my properties. Even though they weren’t geared towards the long term market, they really liked it as the furniture was all really high end, LCD/LED TVs in each room, etc.

    There is a segment of the population out there that will be more interested in renting a furnished rental as long as the furniture is high end and not funky. Comfortable, high end mattresses are also a big plus, especially with the corporate executive type.

    In my rentals, even in the properties outside of the USA, I put in VoIP phone lines (via Vonage.com) so business executives can stay in contact with their family/business associates/friends. It’s more professional and convenient vs. Skype or other things. I also include a GSM local cellphone that they can use to have a local #. They pay for any airtime via refillable credits so it doesn’t cost me a dime other than the expense to buy the cellphone. I also put in a local phone line and have a block on it so they can only call local #’s.

    Obviously I include free wi-fi high speed access and put in the extensive cable package or DirecTV so they have all the essential channels. This really helps attract the high $$ crowd. It’s so much more convenient vs. a hotel. The ROI is MUCH higher than renting it out on a long-term tenant.

    July 3, 2011 at 4:15 PM #707940
    earlyretirement
    Participant

    I don’t know about the LC Oakes area. But as you mentioned, the main market for the furnished rentals are corporate market or if it’s a desirable area then vacation rentals.

    I own many properties and I furnish all of them. I don’t go for the long-term rental rather the short-term market (both tourists and corporate business travelers).

    Generally your properties have to be in super desirable areas for both of those types I mentioned above. You can use websites like VRBO.com, Homeaway.com, Flipkey.com, AirBnB.com and many others.

    On longer term rentals, people mostly want to use their own furniture I’ve found unless you have REALLY nice stuff. I’ve done a few longer term rentals with my properties. Even though they weren’t geared towards the long term market, they really liked it as the furniture was all really high end, LCD/LED TVs in each room, etc.

    There is a segment of the population out there that will be more interested in renting a furnished rental as long as the furniture is high end and not funky. Comfortable, high end mattresses are also a big plus, especially with the corporate executive type.

    In my rentals, even in the properties outside of the USA, I put in VoIP phone lines (via Vonage.com) so business executives can stay in contact with their family/business associates/friends. It’s more professional and convenient vs. Skype or other things. I also include a GSM local cellphone that they can use to have a local #. They pay for any airtime via refillable credits so it doesn’t cost me a dime other than the expense to buy the cellphone. I also put in a local phone line and have a block on it so they can only call local #’s.

    Obviously I include free wi-fi high speed access and put in the extensive cable package or DirecTV so they have all the essential channels. This really helps attract the high $$ crowd. It’s so much more convenient vs. a hotel. The ROI is MUCH higher than renting it out on a long-term tenant.

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