To Store or Not to Store

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Home Stager with Designology Interior Design
In your experience what are the positives and negatives of buying furniture and accessories and storing them and then charging a rental fee? I am just starting out and will be probably be renting through a rental company but do they usually have accessories? I guess I am trying to figure out how it all works out. If I had my own stuff that people rented, I would then have to find a way to get it all back. Do people ever ask to keep any of the stuff. Lots of questions I know. ;) Any feed back would be very helpful though.
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Rainer
73,199
Cheryl-Anne Priest
Inviting Spaces - Home Staging Calgary - Calgary, AB
Inviting Spaces - Staging Calgary
Christine, I have chosen to purchase some furniture and virtually all of my accessories.  Storage is an issue for sure (I can hardly move in my basement) but that can be resolved.  Having your own stuff that you rent works fine and getting it back can be addressed in your contract (my contemplates 10 days notice) and if the client, or a potential buyer, is interested in purchasing any of the items then great - I can do more shopping!  Hope that addresses some of your questions.
May 29, 2007 08:07 AM #1
Rainmaker
489,750
Kathy Nielsen
http://atlantahomestaging.net - Marietta, GA
Atlanta Georgia Home Stager

Christine - There are pros and cons to both.  With purchasing, one needs to be concerned with a number of things; storage, delivery/pick-up and labor costs.  It's a much easier process to rent but.... less profitable.

Hope that helps.

Kathy 

 

May 29, 2007 08:16 AM #2
Rainer
54,023
Kimberly Uksik
Independent - Pickering, ON
Home Stager - Durham, Toronto, On.

Christine,

I don't own any furniture inventory I rent it.  I do however have my own accessory inventory but I build slowly and buy as I need depending on the job.

~Kimberly~

May 29, 2007 08:29 AM #3
Rainer
77,903
Judy Heinrich
Judy Heinrich Home Staging - San Diego, CA
I own accessories and small furniture items.  Just buy as you need it and don't go too overboard at first shopping.  It's easy to spend a lot of money on accessories you end up never using. 
May 29, 2007 10:10 AM #4
Rainer
63,183
Betty Haney
Haney Consulting - Calgary, AB

Hey Christine,  I don't know of anyone who rents accessories in your area.  My partner and I rent the furniture, but buy the accessories.  We currently have enough to fill about six homes.  We had a call today and like Mother Hubard - our cupboard is empty.  When is enough - enough?  I guess that is up to us.  Betty  (Please someone buy the homes we've staged!)

May 29, 2007 11:40 AM #5
Rainer
15,588
Penny Schoenbeck
AZ Home Styling & Redesign - Mesa, AZ
AZ Home Styling

Hi Christine,

I own all my furniture and accessories it was an investment that I wanted to make. I have 3 storages units. I have enough furniture & decor for 8 homes, and the really cool thing is all the rental fee goes to me. I got great deals on all my furniture and accessories so they were paid for after just 2 contrats. I will continue to add to my invantory when I find great deals. I specialize in vacants $1m and above so a good share of my invantory (even if I only stage the main living spaces) gets used up pretty quickly because of the large square footages. But I feel this works best for me. I didn't like being at the mercy of the rental company settling for what they had in stock at the time and I had an even harder time handing over that rental check to them every month. You just have to choose what's right for you, Good luck!   

May 29, 2007 04:20 PM #6
Rainer
302,425
Terry Haugen STAGE it RIGHT! 321-956-2495
Stage it Right! - Melbourne, FL

Hi Christine, buy your own stuff!  Of course you have to find a place to store it.  As your business grows you'll need to rent a storage unit, but until then stash it anyplace around the house you can find.  The advantage to owning is the rental fee you charge your clients.  Right now I'm making $500 a month in rentals alone.  That helps when business is slow.  So why let the furniture rental places make the money you could make?  I've never had an issue retrieving any of my props.

Terry Haugen - STAGE it RIGHT!

May 30, 2007 03:00 AM #7
Rainmaker
324,947
Michelle Minch
Moving Mountains Design Home Staging, Pasadena, CA - Los Angeles, CA
Home Staging Los Angeles and Pasadena, CA
I own a huge amount of accessories, bedding, towels, etc. I rent the big stuff. The rental companies deliver, set up, hang pictures, move the furniture around, and then haul it all away when you are done. Yes, you do have to pay for the rental each month, but it would take years to recoup the cost of buying everything plus paying storage rental fees, plus having a truck big enough to haul it around, plus hiring the labor to move it around, warehouse it, etc.
May 30, 2007 07:09 AM #8
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Rainer
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Christine Craig

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