About the Independent Corporate Housing Real Estate Segment: Property Management Trends
Admin
Published Date: 2019-04-17
Property Management Trends
Management: Corporate Housing Rental Property
We asked respondents to tell us how they manage their rental properties. In 2018, all of the support, aside from self-support, has declined EXCEPT using a corporate housing management company.
Rental Documents
Having profitable real estate has a lot to do with:
- Setting and meeting expectations with your renters
- Having the written documentation, you need to confirm and support these transactions and expectations Real estate laws and regulations are always changing. They’re regulated and established on a state-by-state basis, and the rules apply differently if you’re an individual managing your own property versus a real estate agent representing a client. In addition, ?laws are very different?for vacation rentals, that are offered for leases of less than 30 days, and corporate housing property rentals of 30 days or more.
Leasing Trends
This year, 46% of respondents say they meet their clients ?face to face? which is consistent with the 2012 figure. 37% say they ?provide tours ?to potential tenants before renting their properties which is down from 44% in 2012.
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