CHBO Certified Property

Trends and Changes in the Corporate Housing Industry

On a regular basis, we assess the trends in the corporate housing industry. In a Corporate Housing Report, we looked at the role of corporate rentals as a major player in corporate relocations. Not surprisingly, things have continued to change, and these changes have led many to enroll their rentals in the CHBO Certified program. This delivers access to the kinds of resources and marketing methods that produce the most coveted outcomes. Let’s consider some of the data and discover if the corporate housing resources in the CHBO Certified program are of benefit to you (as the owner of...

Corporate Housing

Watch for These Five Corporate Housing Rental Trends

Watch for These Five Corporate Housing Rental Trends Times change. Keeping up with today’s market forces can go a long way in determining your level of success as an owner in the corporate housing world. The Supply and Demand for Short-Term Housing Will Remain On the Rise As homes become more expensive to own and interest rates rise, demand increases for rentals. Overall demand for furnished housing continues to increase each year. Total revenues have risen to $3.2 billion, and that’s a 10.2% increase from two years ago. Generational trends could explain part of this rise. Millennials have become...

Corporate Housing

Trends in Corporate Housing

Corporate Housing is an ever-changing market. While there will always be a market for great locations and great values, economic and generational trends have a big impact on demand.  As our society and the people in it change and grow, our needs and wants change with it. One of the keys to success for corporate housing owners is to understand and adapt to these trends. One trend is a greater level of certainty in choosing a rental property. Today’s corporate clients are more likely to remain in housing longer while making sure they’re satisfied with their housing choice. More and...

Corporate Housing

Trends: Investing in More Corporate Housing Real Estate

The answer is “Yes.” Question: “As a real estate broker does it make sense to learn more about corporate housing real estate investing.” Why: “Because the survey says people want to buy more!” If you believe in human evolution you want to believe we continue to do what works and we stop doing those things that do not work.  So it is important to know what current corporate housing real estate landlords plan to do in the future because this will give us the best picture of their current satisfaction. Spoiler Alert: Yes, Corporate Housing Real Estate Landlords plan...

Corporate Housing

Trends: Corporate Housing Real Estate Profitability

As you may have read in other blog posts there are lots of reasons a landlord may have for turning their real estate into a corporate housing rental. The reality of life is things do change and corporate housing can be a great solution for your real estate whether or not that is the reason you purchased the real estate in the first place.   Ok, so now you know you can turn lots of real estate into great corporate housing rentals, however the next question is, “As a corporate housing real estate landlord can I make a profit?”...

Corporate Housing

Trends: Reason for Being a Corporate Housing Landlord

I am sure by now you have all read my book “Idiot’s Guide: Making Money with Rental Properties.” 🙂 Well my first book pitch was actually the “What if… Real Estate Guide.”   I mean, I like to believe everything in life is predictable, but life has taught me that it is not.  In fact one of my favorite things about CHBO over the past 10 years of helping property owners is that our platform gives them options when life is unpredictable. The thought behind my “What if” idea is that life changes and often our real estate investments...

Corporate Housing

Trends: Corporate Housing Real Estate Predictions

Really we all want that perfect crystal ball that lets us know what the future looks like and when it comes to real estate investing it is even more essential to know what the future looks like and how these properties will be good investments. – Kimberly Outlook for 2016: Corporate Housing Real Estate Predictions for the Future According to respondents, their outlook for 2016 is very positive. The number of respondents who say the future looks “much better than last year” held strong at 21%, down just slightly from 23%. 41% say they predict that 2016 will be...

Corporate Housing

Trends: Corporate Housing Terminology

What do you call what we do? This year CHPA (Corporate Housing Providers Association) turns 20 years old but they started at NIHN (National Interim Housing Network) then they became AIHP (Association of Interim Housing Providers) before they settled on CHPA.   If you have been reading my blogs over the years you will know the I believe Corporate Housing should be a “lodging choice” and is part of the larger Extended Stay Lodging segment. I like the professionalism that Corporate Housing denotes, however there are lots of personal reasons people rent corporate housing every day. At the core...

Corporate Housing

Trends: Corporate Housing Real Estate Landlords

“Who is a Corporate Housing Real Estate Landlord?” is a question we get a lot at CHBO. Real Estate investors want to know if they would be a successful landlord and if their property would be a good match for the needs of the business travel. The following is what we found in the CHBO Annual Corporate Housing Real Estate Survey. Property Locations – Where is your property located? We received hundreds of survey responses from property owners and real estate managers across the United States including 32 states and the District of Columbia. Similar to last year, the...