Learn: Yes, Corporate Housing is a Real Estate Investment Option

What is Corporate Housing? How do I setup a Corporate Rental? How to get started renting a property? How do I make money? Corporate Housing Success Stories! Welcome to the multi-billions dollar world of Corporate Housing or more simply put, furnished monthly residential rentals.

How to make Corporate Housing an investment option
Learn how to make Corporate Housing an investment option

Corporate Housing is part of the Extended Stay lodging segment offering an alternative to the transient environment of an Extended Stay hotel. Corporate Housing is also an option for the savvy real estate investor or property manager who is interested in maximizing the returns on their real estate investment. In the following pages our goal is to introduce you to the Corporate Housing product and industry, give you a step by step guide on how to create the most profitable Corporate Housing Rental, give you some tools and checklists to save time in setting up your rental and introduce you to some CHBO property owners just like you who have found success in their Corporate Housing rental. To help you navigate these changes with confidence, we’re excited to share the CHBO Corporate Housing Handbook and the “by Owner” Corporate Housing Annual Report Executive Summary – a summary of the results from our annual “By Owner” Corporate Housing Survey. This is the fourth year of our survey and annual report allowing you benefit from the latest data, as well as comparisons and trends from recent years. The CHBO Annual Report in its entirety is also available. It is different than other property management annual reports. It reflects findings from individual property owners, rather than from full-service, corporate housing companies. This report is designed to help individual owners – like you – learn from relevant trends in your marketplace and achieve greater success.

Table of Contents

Corporate Housing Myths Exposed
Are You and Your Property Right for Corporate Housing?
Who Uses Corporate Housing?
Corporate Housing Versus a Traditional, Long-Term Rental
Home or Condo?
What to Know Before Investing in a Corporate Rental Property
Weekly Rentals?

Tips to Being a Successful Landlord
Five Tips to Being a Successful Landlord
The Three Elements to Profitability
Profitability Formula

Setting Your Rates
Market Evaluation
“by Owner” Industry Rates
Serviced Corporate Housing Industry Rates
Rental Discounts

Why CHBO
Eight Reasons to Choose CHBO
Testimonials

CHBO Complete™
What is CHBO Complete?
How CHBO Complete Works
Activating the CHBO Complete Icon

How to Get Started with Renting your Property
Checklist of Steps to Take

Property Preparation Guide
Prepare Your Property for a Corporate Tenant
Prepare a Property Manual
Buy Furnishings for your Property
Think About the Style and Quality of Furniture
Furnishing Tips
Spruce It Up
Find Ways to be Eco-Friendly
Rooms – Bedrooms, Bathrooms, Dining, Living, Kitchen, Other
Details – Technology, Utilities, Cleaning, Plants, Trash, Mail, Pets, Pet Questions
Maintenance – Cleaning, Trash, Pets
Rental Cars

Marketing Your Property
Marketing Ideas
Marketing Budget?
Photos
Virtual Tour
Track Your Success
Availability Calendar
Text Message Alerts
More Tools on CHBO
Tenant Reviews
Tips to Soliciting More Reviews

Handling and Managing Tenants
Initial Contact
Converting Inquiries into Rentals
Negotiating with Potential Tenants
Credit and Background Checks
Accepting Credit Cards
Liability Insurance
Travel and Damage Insurance / ARDI
Rental Application
Inspection Report
Lease Agreement
Keys and Access
Security Deposits
Avoiding Security Deposits /ARDI
Reduce Vacancy Between Tenants
Rental Scams
Collections

FAQ: Frequently Asked Questions
Tenants / Renters
Property Owners

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Kimberly Smith is an accomplished entrepreneur and published author with more than 20 years experience as an entrepreneur in the areas of real estate, property management, corporate housing, website development and franchising. In 1999 Kimberly and her husband/ business partner, Eric, launched AvenueWest Corporate Housing, Inc., a multi-million dollar success story. AvenueWest provides real estate property management of furnished residential properties offering full service corporate housing services to upscale executive travelers in need of a monthly lodging solution. A recognized leader in the industry, they were awarded CHPA’s 2010 Provider Company of the Year Award and listed for 3 consecutive years on Inc Magazine’s Inc 5000 list of the countries fastest growing businesses. Inspired to help people find corporate housing and real estate solutions on a national basis, Kimberly and Eric came up with a business idea to create a national resource dedicated to connecting furnished rental properties with executive renters. In 2006 CorporateHousingbyOwner.com (CHBO) was launched, the first-of-its-kind online portal connecting furnished rentals and the traveling public. In 2013 CHBO was recognized by CHPA as the Associate Company of the Year. In 2009 AvenueWest Global Franchise was launched allowing for the national expansion of the AvenueWest Managed Corporate Housing product. Current offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, Boston, Dallas, Denver and Colorado Springs.

2 Comments

  1. Mark Padolsky
    December 6, 2017

    If it is your first time as a real estate investor to rent out your apartment, it might be a wee bit intimidating, however, you should not fret. If you log into Airbnb accounts, you will discover just how much as many newbies there are when it comes to real estate investment and sales, but renting out your apartment is a great training for you towards becoming a better real estate investor.

    Reply
  2. Amy Tang
    May 30, 2017

    I really appreciate the insight here in this post and confident it’s going to be helpful to me and many others. Thanks for your informative post.

    Reply

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