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.
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