What Appliances Should You Include in a Rental Property?
Owning rental properties can be a rewarding experience. It offers a great way to build an income and you can be your own boss. That said, setting up a rental property is a bit trickier than many people realize. Some landlords will only provide appliances like a stove and dishwasher. Other landlords will do their due diligence to look for appliance stores near me and find what they need, and also provide a dryer, washing machine, and refrigerator.
To determine what you should include, it’s a smart idea to look at local market conditions and how much rent you are charging.
If most landlords in your area are providing a fridge and microwave, you should consider providing them as well. If you don’t want to provide them, it’s a smart idea to take a bit off the rent. Otherwise, potential renters may head to other properties where they think they are getting a better deal.
When you do provide appliances, it’s generally a good idea to take responsibility for paying for repairs. Otherwise, it could lead to a lot of fights and hassles later on. In a sense, when deciding what appliances to offer, you have to decide whether you want to be responsible for them.
Being a landlord means taking on a lot of responsibility. It’s smart to slow down and identify risks and hang-ups, including deciding which appliances to provide. The right choices now could help you avoid headaches later.