View Single Post
Old 03-08-2015, 09:09 PM   #1
photon
The new goggles also do nothing.
 
photon's Avatar
 
Join Date: Oct 2001
Location: Calgary
Exp:
Default Regular Furnished vs. Concierge Style

Regular furnished means to me someone who just rents a place for a while furnished but pays their own TV and Internet and takes care of everything themselves.

Concierge I mean something more like an O&G exec where everything is included, TV, Internet, housecleaning, laundry, etc.

What kind of demand is there for the latter kind? How much more than a regular furnished unit would that go for? Is it enough to account for the likely increased vacancy so that the end result is a higher income?

I've seen management fees of like 25% for such a thing, which seems like it would eat any profit but I'm not sure how much extra one could get for that kind of rental.
__________________
Uncertainty is an uncomfortable position.
But certainty is an absurd one.
photon is offline