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 CHBO turns 10owners 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 are not as flexible as we need them to be and through CHBO we have been able to support thousands of property owners and tenants when they need other options.

It is with this idea in mind that we ask our Survey Responders “Why” they are corporate housing landlords. – Kimberly


Reason for Being a Corporate Housing Real Estate Landlord

Understanding who is a typical corporate housing landlord and how current real estate trends affect decisions can help you better understand how you and your rental property fit into this industry.Reasons for housing landload

Once again, the majority of respondents tell us they are landlords for investment purposes.

The continuing trend in the “other reason” category appears to be “partial landlords.” We define partial landlords as property owners who have a fully functional, stand-alone guesthouse or apartment suite on the same site as their primary residence. Traditionally, this may have been referred to as an in-law apartment. (Please note, this is different than the “Share Economy” in which property owners rent out a room within their residence, sharing the same space as their renter).

Learn more Corporate Housing Real Estate Trends.

Related Post

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.

1 Comment

  1. Brandon Connell
    May 29, 2016

    I had a bit of a look around trying to figure out what “corporate housing” was defined as basically. It’s an airbnb sort of deal for people who are traveling for corporate reasons. That’s what I understand so far. Basically similar to a vacation home rental. As a wholesaler, I don’t hold many properties. But I am kind of thinking that such a venture would be high maintenance compared to normal rental units that are long term. I mean, there would be a lot of extra hands-on for such a thing, cleaning up and repairs and such.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *