unfurnished, furnished, rent, vancouver, landlord

Landlord Guide: Furnished vs. Unfurnished Rentals

Looking for the Renter’s Guide for renting furnished or unfurnished? Check out our article here.

Furnishing a rental property is a considerable expense. Should you spend the money or let your tenants furnish your unit? Here are a few things to consider when deciding whether you should rent out your unit furnished or unfurnished.

Benefits Of Renting Out A Furnished Unit

  • You can demand higher rent. A well-furnished property rents for 25 to 75% more than an unfurnished property. The difference between an average furnished and unfurnished unit is around $400 – that’s an extra $4,800 a year!  However, the higher the rent, the less likely the tenant is to stay long term. See the latest average rental rates, furnished and unfurnished, by city/neighbourhood in Vancouver here.
  • More short term rentals. If you are aiming to be in the short-term rental business (6-12 month leases), furnished units help attract more short-term rentals as renters don’t have to move furniture.
  • Rent it out quicker. It may be rented more quickly as tenants can save on costs and time associated with furnishing. First-time renters will find furnished options less daunting when all they need is to bring their personal belongings.
  • Demand more respect. If you furnish and style the apartment in a tasteful manner, it will demand respect and better treatment from your tenants.
  • Inventory of furnishings. When the tenancy ends, you will have the option to use the furnishings yourself or use in your other rental properties.
  • Tax deductions. You can deduct a percentage of the cost of goods for tax purposes. For other tax deductions available for BC Landlords, check out our article here.

Landlords & Property Managers

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Benefits Of Renting Out An Unfurnished Unit

  • Longer tenancy. Tenants may stay longer as they’ve furnished the place to suit their needs and space. Furnished properties are typically rented as a temporary measure i.e. a travelling professional or student, between houses, waiting for furniture to arrive from long-haul move etc. However, unfurnished units allow tenants to make the space their own.
  • Happier tenants. Tenants are typically happier when they get to design and customize their own space.
  • No need for furniture insurance. You are not responsible for insuring their furniture or any other items they bring to the property.
  • Avoid wear and tear concerns. You don’t need to worry about wear and tear on your belongings.
  • No carrying costs. Carrying costs can be transferred to the tenant whereas when the unit is furnished, the expectation is that the higher rent includes all utilities, cable/internet etc.
  • Longer leases, less tenant turnover. One year leases are most common for unfurnished properties whereas you’d likely be negotiating shorter terms for furnished apartments.
  • Less management involved. Unfurnished properties require less management than furnished ones since typically they experience more frequent tenant turnover.

So What’s Best For You?

Typically, smaller properties, near the downtown core and amenities, attract younger, more mobile tenants who are more likely to enjoy the convenience of a furnished apartment. They are also easier to furnish inexpensively.

While landlords with larger apartments or houses are best to leave them unfurnished, since tenants are likely to be older and may have families, and thus, more likely to have accumulated furniture etc. over the years.

Do your due diligence and evaluate your market before deciding!

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Kristina Ikavalko

Kristina Ikavalko

Creative Content Creator at liv.rent

Creative Content Creator for liv.rent, based in Vancouver. [Read Full Bio]

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22 thoughts on “Landlord Guide: Furnished vs. Unfurnished Rentals”

  1. I didn’t think about how furnished properties allow tenants to move in more quickly due to the fact that the property is already furnished with the essentials. I am thinking about renting a furnished property while I spend a few months in a different state. I think that having the ability to quickly move in and out of the property without having to worry about transporting furniture will relieve a lot of stress.

  2. I typically find that rental furnishing gives tenants an outlet for creativity and personal style in an otherwise cookie-cutter space. At Newmark Moses Tucker Partners, we offer commercial and residential units for rent, and we find that often renters have strong opinions, and it is easier to rent unfurnished spaces where the tenant can bring their own furniture with their own unique style. While sometimes we have tenants that would rather not deal with purchasing their own furniture, finding a way to move it in or out, etc. more often than not, unfurnished are more preferred, and often more profitable with long-term leases. Great article with lots of useful pros and cons.

  3. Can I charge full month rent for security deposit since it’s fully furnished my 2bedroom I can get full month as a security deposit guys. Thanks if anyone can answer my question?

    1. Hi David,
      unfortunately, furnished or unfurnished, the Residential Tenancy Act prohibits collection of any amounts above 1/2 month’s rent for security and the same amount for the pet damage deposit. Give us a call and we can help you out with tenant placement and property management – 778 980 9100

  4. For a furnished property, a one-month notice period is required. For an unfurnished property, a one-month or three-month notice period is required depending on the zone you live and the circumstances (for example, in Paris it is only one-month, while less-demanded areas are three months). This means that if you re renting an unfurnished property and give notice in January, you may be subject to pay the rent and bills until April even if you move out in February. However, you may be able to have this period reduced to one month if you are in difficult circumstances, for example, if you lost your job. Ideally, if you anticipate having to move suddenly, make sure you get an escape clause written into the contract. Alternately, if the landlord finds another renter, you may be also be exempt. Read the requirements for a tenant leaving an unfurnished property or a furnished property, including drafts of the letters you can submit to your landlord. Typically, whether furnished or unfurnished, tenants can give notice at any time, and the notice period starts from the day the landlord receives your official letter. Emails and verbal notices are not valid. Instead, notice must be given in writing either by registered letter (

  5. Nice to describe Kristina Ikavalko,
    These are some great tips! There is a lot that you need to keep in mind if you are going to rent a house or an apartment. Thank you so much for sharing this post

  6. Thank you posting this helpful blog. I browsed through a few of them and was really impressed by the content. A lot of helpful tips and suggestions can be gained from these blogs. Looking forward to read your next post.

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