Now that summer is coming to a close, or if the prime tourist period is over in your neck of the woods, you might be getting ready to board up your vacation property for the season.
But wait! Before you whip out the tarps and shutter the windows, you should consider if your property would make a great corporate rental for business travelers and executives in your area.
Marketing your vacation rental as a corporate rental during the off-season is a great way to generate additional revenue during a time when your property would traditionally sit vacant.
Corporate housing is hot right now and offers a solution for individuals who require short-term furnished housing with the space and convenience of a home on the road, which your vacation rental is already equipped to do!
So consider this…
Corporate housing thrives in urban and business areas where executives travel to often. It also does well near hospitals and universities that bring on temporary staff or relocate professors and doctors. If your property is located in one of these areas, you may want to tap into this opportunity.
You should note, if you market your property as a corporate rental, you’ll need to speak to a different audience to advertise your property. You’ll want to attract business travelers versus vacationers. Listing your property with Corporate Housing By Owner gives you direct access to hundreds of quality corporate tenants, plus CHBO gives you the tools you’ll need to succeed as a corporate landlord.
- Buying Real Estate? Corporate Housing vs Vacation Rental
- Flying South for the Winter? Snowbirds Consider Turning Your Home into a Corporate Rental
- Americans Buying More Vacation Rental Homes
- Make Your Property Available to Those Who Need Housing in Areas Affected by Oil Spills, Floods
- Annual Report: Corporate Housing Tenants