Profitable Guide: Making Money with Furnished Finder
Making money with Furnished Finders is a popular topic for real estate investors and landlords, but it can feel overwhelming for newcomers. How do you attract renters? What are the costs involved? Is it really worth the effort? This guide breaks down everything you need to know about making money with Furnished Finders and how to turn your property into a profitable venture.
Table Of Contents:
- What is Furnished Finder?
- Why Furnished Finder? The Benefits for Landlords
- Maximizing Your Success on Furnished Finder
- Taking Advantage of Furnished Finder's Resources
- FAQs about Making money with Furnished Finders
- Conclusion
What is Furnished Finder?
Furnished Finder is an online platform that connects landlords with tenants looking for furnished, mid-term rentals (typically 30+ days). Unlike platforms like Airbnb, which cater to short-term stays, Furnished Finder specializes in traveling professionals, particularly healthcare workers, seeking temporary housing.
This focus makes it an attractive option for landlords seeking reliable tenants and consistent income. Furnished Finder charges landlords an annual fee to list properties; however, there are no fees for renters alike.
Why Furnished Finder? The Benefits for Landlords
Higher Rental Income Potential
Furnishing your property might seem like an extra expense, but it opens doors to higher rental income. According to Landlordology, furnished rentals can command $300-$500 more per month than unfurnished properties.
This premium compensates for the initial investment and increases your earning potential. The average length of stay on Furnished Finder rentals is 90 days1, providing more consistent income compared to the fluctuating nature of short-term rentals.
Targeted Marketing to a Reliable Demographic
Furnished Finder primarily caters to traveling healthcare professionals, a demographic known for their reliability as tenants. These professionals often have stable incomes and require housing for their work assignments, making them less likely to default on rent.
This focus provides peace of mind to landlords, knowing their property is occupied by trustworthy individuals. Your listing on Furnished Finder has the potential to be seen by over 10,000 healthcare professionals daily, encompassing a variety of specialties. This reach includes travel nurses, allied health professionals, locum tenens, and even medical staffing coordinators actively seeking housing for their recruits.
Streamlined Processes with KeyCheck
Furnished Finder simplifies the landlord experience through its integration with KeyCheck, a sister company offering tools and services designed to ease the management of your rental. From screening potential tenants to writing and e-signing leases, and automating online rent payments, Keycheck offers comprehensive solutions to streamline your operations, saving you time and hassle.
KeyCheck also assists with collecting rent, handling security deposits, and addressing any maintenance requests. This integration allows landlords to manage their properties efficiently, improving tenant satisfaction and potentially leading to positive Furnished Finder reviews.
Maximizing Your Success on Furnished Finder
While Furnished Finder provides a great platform, implementing certain strategies can boost your chances of attracting high-quality tenants and maximizing your earnings. Here’s how you can make your property stand out:
Creating an Attractive Listing
High-Quality Photos
Just like with any online listing, first impressions are everything. Include plenty of high-quality photos showcasing your property's best features. Potential renters will want to envision themselves living there, so ensure your pictures are inviting and accurately represent your property.
Detailed Description
Go beyond the basics in your description. Highlight amenities relevant to traveling professionals, like high-speed internet, in-unit washer/dryer, and a fully equipped kitchen. You could even mention the proximity to hospitals or medical centers.
If your property boasts unique features like a dedicated workspace, a balcony with a view, or proximity to parks and recreational areas, be sure to highlight them. These details can be the deciding factor for potential tenants trying to choose between your property and another.
Competitive Pricing
Researching similar listings in your area is crucial to establish a competitive rental rate. Don’t undervalue your property, but remember, a fair price will attract more potential renters. Consider offering discounts for longer stays or during the off-season to entice potential tenants.
Additional Tips
- Respond to inquiries promptly and professionally to showcase your commitment to providing good service.
- Highlight safety features and neighborhood amenities that would appeal to healthcare professionals working various shifts.
- Consider offering flexible lease terms to cater to the varying assignment lengths of travel nurses and other medical professionals.
Understanding Your Market
Take advantage of Furnished Finder's resources to gain a deeper understanding of your target market. By accessing Travel Nurse Housing Stats, you gain insights into the demand for such housing in your specific area.
Information on prevailing specialties, common staffing companies, and the availability of alternative housing options empowers you to tailor your listing for greater impact and increased occupancy rates. For example, if you discover a high demand for travel nurses specializing in a specific field, you can highlight the proximity of your property to relevant hospitals or medical centers.
Taking Advantage of Furnished Finder's Resources
Owner Verification Badge
Consider obtaining the optional Owner Verification Badge to build trust with potential renters. This badge signals your legitimacy and dedication to providing a safe and secure rental experience, further enhancing your property’s appeal.
To acquire this badge, landlords undergo a verification process. This process includes providing personal information for background checks, confirming property ownership, and adhering to Furnished Finder's standards and guidelines. While this badge is optional, it can be a valuable asset in establishing credibility and attracting potential tenants who prioritize trust and security.
Marketing Services
If you’d rather not handle the marketing yourself, Furnished Finder provides optional services to market your property on your behalf. Utilizing these services can free up your time and leverage their expertise in reaching the right tenants.
Throw in their optional Owner Verification Badge, and you realize Furnished Finder provides various resources dedicated to assisting both landlords and mid-term renters in achieving a successful outcome. Furnished Finder understands the needs of traveling professionals, so their marketing efforts target this specific demographic effectively.
FAQs about Making money with Furnished Finders
Can I use furnished finder if I’m not a nurse?
Yes, while Furnished Finder primarily targets traveling medical professionals, anyone seeking furnished, mid-term rentals can utilize the platform. The site caters to all kinds of traveling professionals needing accommodation for extended periods. So, whether you’re a traveling consultant, project manager, or even a digital nomad, Furnished Finder can connect you with suitable housing options.
How do you boost your listing on furnished finder?
There are several strategies to make your listing more appealing. Including high-quality photos, writing a compelling description highlighting key features, and offering competitive pricing will attract attention.
Consider obtaining the Owner Verification Badge for added credibility and utilize Furnished Finder's optional marketing services to increase your reach. Responding to inquiries promptly and professionally will also build trust with potential renters. Lastly, providing flexible lease terms can attract tenants with different assignment durations. By implementing these tactics, you can significantly increase your property's visibility and attract more bookings.
Why is furnished Finder so cheap?
While Furnished Finder does offer an economical solution compared to platforms with extensive marketing and service fees, they offer different subscription tiers for landlords. These tiers allow landlords to choose the features and support levels that best fit their budget and marketing needs.
They are a valuable resource for finding quality tenants while managing costs effectively. Landlords can choose the tier that aligns with their individual needs and budget, making Furnished Finder an accessible platform for a wide range of property owners.
How many people use furnished finder?
While the exact number of active users on Furnished Finder is not publicly available, their reach is significant. Remember, property listings on this platform reach over 10,000 traveling healthcare professionals each day.
This exposure, combined with their increasing popularity among other demographics seeking furnished, mid-term rentals, suggests a considerable and growing user base. The platform's active engagement with users on social media platforms further indicates a thriving community of landlords and renters.
Conclusion
Making money with Furnished Finder offers landlords an alternative income stream in the real estate market. By understanding how Furnished Finder works, tailoring your approach, and staying informed, you can increase your chances of financial success and turn your property into a steady source of income.
