What is Corporate Housing by Owner?

CHBO is a portal that connects individual property owners with corporate housing tenants. The Corporate Housing Industry and renters who frequently use corporate housing have general expectations of how a corporate rental should look and what should be included in the property.

CHBO COMPLETE is a program exclusive to the CHBO website that allows potential tenants to quickly qualify potential rental properties and take the guessing game out of working with individual property owners.

CHBO Complete:

• Standard Property Inventory
• Quality & Comfort Standards
• Utilities Included in Rent
• High-Speed Internet Included

The Team at CHBO has taken their extensive experience working within the corporate housing industry and designed the program to allow individual property owners an essential tool to attract and satisfy the needs and expectations of the business traveler and the typical corporate housing user.

Corporate Housing by Owner features an extensive online database of privately-owned, furnished properties throughout North America, which are available for monthly rental directly from the individual property owners. Renting directly from private owners is more cost effective, gives greater flexibility for shorter stays and offers a much broader range of unit size, style and amenities. Users/Renters can easily search for properties by location, number of rooms, keywords and other parameters, and view photos, and property specifics while emailing the property owner directly from the property profile. Imagine the appeal a well-furnished, private residence would have for a relocating family compared to a sterile hotel room.

Corporate Housing is a segment of the lodging industry that has experienced significant growth over the past 25 years. In 2006, the average rental costs for corporate housing based on furnished apartments were:

One-bedroom monthly rent: $2,627.84 ( $87.59 per night)
Two-bedroom monthly rent: $3,134.59 ( $104.49 per night)
Three-bedroom monthly rent: $3,601.67 ( $120.06 per night)

to see more details on rental costs in specific markets

Overall occupancy in the corporate housing industry was 90% in 2006.

What's Special About Corporate Housing By Owner?

Corporate Housing By Owner is, quite simply, the next generation of Corporate Housing - a step forward, progress. We provide a means for property owners and qualified renters from across the country to find each other. Renters have the assurance that properties featuring the CHBO Complete designation will include everything they need for a comfortable stay from kitchen utensil and towels to television and toaster and all utilities are paid. Property Owners have increased assurance that the prospective renters they rent to are qualified individuals. It's a win-win situation for everyone involved. The broader exposure afforded by the CHBO Web site helps owners enjoy higher occupancy rates - which translates into a higher return on their property investment. Once a property owner lists with CHBO, he or she will never again resort to newspaper ads or other local advertising sources again. They just don't have the broad reach of CHBO.

Who uses Corporate Housing by Owner and Why?

• Relocating professionals, often with families in tow
• Traveling business people
• Individuals on military assignment
• Families displaced from their homes by insurance claims
• Traveling musicians and theater performers
• Sports professionals
• Visiting professors
• Government professionals
• Divorcees who have lost possession of their home
• Healthcare workers
• Graduate students
• Corporate Housing Companies
• Relocation Companies
• Insurance Companies
• Grandparents and retired travelers

to see why travelers choose Corporate Housing by Owner.

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