Here’s another key finding from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends.
Since starting the “By Owner” survey three years ago, we have added several questions along the way. The 2011 survey asked property owners to think about what they think the future holds in terms of their outlook and profitability as a corporate housing landlord.
We learned that 37.6% of corporate housing landlords say they believe 2012 will be a more profitable year, while 42.5% expect similar profitability to 2011.
We also uncovered whether or not 2011 was a profitable year for corporate housing landlords. We learned that 52.9% of respondents made a profit on their properties in 2011, while 35.2% said they broke even.
Further, we asked corporate housing landlords to tell us what their experiences have been like as a corporate housing landlord. More than 90% of respondents said they have had a positive experience as a corporate housing landlord, while 10% did not.
You can see a full breakdown of these stats and more by downloading the report yourself at 2011 CHBO Report.