The CHBO Corporate Housing Real Estate Report is an annual report that shows the results of surveys about rental data from 2019. The survey has been in place for more than a decade and offers an excellent way to find out what concerns are top on the minds of those who provide independent corporate housing solutions....
Do you have help with the management of your furnished homes for rent? Are you the kind of person who prefers to handle all the management tasks on your own? Many people find that the job is something they can handle on their own, while others appreciate a helping hand to ensure things get done efficiently....
The key to the highest ROI for your property is high occupancy. This can be accomplished with quick turnover or with longer term leases. To insure quick turnover between renters, you have to secure the next reservation in advance. Having self descriptive photos, video, and corporate property description that leaves no question unanswered is the most effective way to secure that next reservation. Internet Reservations Online bookings have become more popularas these systems allow property owners a 24-hour window to confirm reservations, communicate with potential renters and get additional paperwork signed. Property Apps for Mobile Devices Contact Us For all inquires,...
To protect your rental, if considering pets, here are some tips Know replacement costs (Including loss of rent for downtime to repair, delivery and set up fees) cost to replace furniture pieces/replace/repair flooring cost of complete pet hair extraction and incorporate necessary costs into pet fees/deposits. A point to note here, that isn’t listed below as it was in the comment portion of the survey, is that a lot of owners evaluate pets on a case by case scenario. The trend we found the most interesting is the percentage of properties that had “significant” damage due to a pet...
Property Management Trendsd 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....
On a regular basis, we assess the trends in the corporate housing industry. In a Corporate Housing Report, we looked at the role of corporate rentals as a major player in corporate relocations. Not surprisingly, things have continued to change, and these changes have led many to enroll their rentals in the CHBO Certified program. This delivers access to the kinds of resources and marketing methods that produce the most coveted outcomes. Let’s consider some of the data and discover if the corporate housing resources in the CHBO Certified program are of benefit to you (as the owner of...
Watch for These Five Corporate Housing Rental Trends Times change. Keeping up with today’s market forces can go a long way in determining your level of success as an owner in the corporate housing world. The Supply and Demand for Short-Term Housing Will Remain On the Rise As homes become more expensive to own and interest rates rise, demand increases for rentals. Overall demand for furnished housing continues to increase each year. Total revenues have risen to $3.2 billion, and that’s a 10.2% increase from two years ago. Generational trends could explain part of this rise. Millennials have become...
Corporate Housing is an ever-changing market. While there will always be a market for great locations and great values, economic and generational trends have a big impact on demand. As our society and the people in it change and grow, our needs and wants change with it. One of the keys to success for corporate housing owners is to understand and adapt to these trends. One trend is a greater level of certainty in choosing a rental property. Today’s corporate clients are more likely to remain in housing longer while making sure they’re satisfied with their housing choice. More and...
The answer is “Yes.” Question: “As a real estate broker does it make sense to learn more about corporate housing real estate investing.” Why: “Because the survey says people want to buy more!” If you believe in human evolution you want to believe we continue to do what works and we stop doing those things that do not work. So it is important to know what current corporate housing real estate landlords plan to do in the future because this will give us the best picture of their current satisfaction. Spoiler Alert: Yes, Corporate Housing Real Estate Landlords plan...
As you may have read in other blog posts there are lots of reasons a landlord may have for turning their real estate into a corporate housing rental. The reality of life is things do change and corporate housing can be a great solution for your real estate whether or not that is the reason you purchased the real estate in the first place. Ok, so now you know you can turn lots of real estate into great corporate housing rentals, however the next question is, “As a corporate housing real estate landlord can I make a profit?”...