http://www.shortoncashflow.com/our-mistaken-strategies-part-1/ Learn from our financial failures Tue, 06 Jul 2010 16:01:20 -0400 http://wordpress.org/?v=2.8 hourly 1 http://www.shortoncashflow.com/our-mistaken-strategies-part-1/comment-page-1/#comment-2582 Francois Thu, 27 Aug 2009 09:17:03 +0000 http://www.shortoncashflow.com/?p=444#comment-2582 I did the opposite: I started with empty flats, and I then furnished them. Doing that I made huge savings in taxes, and managed to increase the rental price by 30%. BUT my properties are in Paris, and there are customers for this kind of service in Paris. Note .that if you change for empty flats, your taxes are likely to come higher. Also, it is not sure that you will have less vacancies because agencies (and tenants) don't anticipate a lot: they will look for a new tenants only a few weeks before the end of the previous lease, and not 3 months in advance. But if you manage to find a long-term tenant (e.g. 3 years), then, yes, you will reduce vacancies and agency costs. François. I did the opposite: I started with empty flats, and I then furnished them. Doing that I made huge savings in taxes, and managed to increase the rental price by 30%.
BUT my properties are in Paris, and there are customers for this kind of service in Paris.
Note .that if you change for empty flats, your taxes are likely to come higher. Also, it is not sure that you will have less vacancies because agencies (and tenants) don’t anticipate a lot: they will look for a new tenants only a few weeks before the end of the previous lease, and not 3 months in advance. But if you manage to find a long-term tenant (e.g. 3 years), then, yes, you will reduce vacancies and agency costs.
François.

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