If you're a landlord or investor in the Tri-Cities area, one important decision is whether to rent your property furnished or unfurnished. Each option has its pros and cons—and understanding what works best locally can help you maximize your investment.
Furnished Rentals in Tri-Cities
Pros:
- Higher Rent Potential – Furnished rentals can command premium rates, especially near Hanford, PNNL, hospitals, or corporate hubs.
- Ideal for Short-Term Tenants – Traveling nurses, contractors, and temporary workers often look for fully furnished, move-in ready options.
Cons:
- More Turnover – Shorter stays mean more frequent vacancies.
- Higher Upfront Costs – Furnishing and maintaining items like beds, couches, and kitchenware adds to your expenses.
Unfurnished Rentals in Tri-Cities
Pros:
- Stable, Long-Term Tenants – Professionals looking to settle in the area usually prefer unfurnished homes.
- Less Vacancy Costs – Longer, more stable lease terms have much fewer vacancies than shorter term furnished rentals, limiting owner vacancy expenses.
Cons:
- Lower Rent Rates – Monthly income may be less than a furnished unit. (Dependent on the unit)
- Less Appeal to Short-Term Renters – May miss out on seasonal or corporate tenants.
What’s Best for You?
- Target Market: If you’re near major employers like Hanford or Kadlec, furnished might work well. In suburban neighborhoods, unfurnished is usually a safer bet.
- Investment Goals: Want higher income and are okay with managing turnover? Go furnished. Prefer long-term stability? Stick with unfurnished.
Need Local Insight?
At Kenmore Team Property Management, we help Tri-Cities property owners make smart rental decisions based on market demand. Contact us today to explore what’s right for your property.