CHBO Annual Report Review: Property Locations and Number of Properties

The results are in, so let’s dig deeper. Each week CHBO will analyze data from the annual corporate housing report and open a discussion. Please provide feedback with your experiences in 2017. This week we discuss CHBO Property Locations.

CHBO Property Locations

We received hundreds of survey responses from property owners and real estate managers across the UnitedCHBO rental locations
States including 43 states and the District of Columbia.
Similar to last year, the top U.S. states for responses​ were:

1. California: 27% (up 6% from 2016)
2. Colorado: 15% (up 2% from 2016)
3. Texas: 10% (up 2% from 2016)
4. Washington: 5% (down 3% from 2016)
5. Georgia: 4% (down 2% from 2016)
6. Oregon and Illinois 4%

Number of Properties

46% of respondents say they have one rental property, tying the highest response we have had two years in a row. 37% report they have two to five properties (up from 35% in 2016). Perhaps the most interesting trend​ to note is that over the last six years, the property ownership numbers have generally stayed the same. (The one exception was in 2011 when we saw a 6% increase in property owners with one rental unit.We believe that may have been due to
the number of “accidental landlords” who entered the market at that
time, due to the economy.)

Given that more than eight in 10 survey respondents​ say they only have one to five rental units, the responses in this annual report truly reflect the independent corporate housing real estate segment.

Total properties Owned

1. Where are you’re properties located?

2. Are the properties located in the top cities reported by the CHBO community?

3. How many total properties do you manage?

Comment below or share this post with your response.

To learn more about this topic and other results, view the CHBO annual report.

To view Historical Reports, visit here.

You Can Get Super Bowl LII Short Term Housing with CHBO (Don’t Cha’ Know)

Like a blitzing linebacker, Super Bowl LII is almost upon us. In three short weeks, the AFC and NFC’s finest will battle to raise the Lombardi Trophy and be crowned world champions. In the AFC, the Tennessee Titans and the New England Patriots will duke it out for the right to represent the American Conference; while either the Philadelphia Eagles or Minnesota Vikings will rise to face them from the NFC. Super Bowl LII, America’s greatest spectacle, will be played in Minneapolis, Minnesota at US Bank Stadium on February 4th, 2018. Have you found Minneapolis Furnished Housing metro?

super bowl housing

Property Spotlight: A Remarkable Short Term Rental in Old Town Chicago

Chicago Corporate Rentals

chicago executive rental
Welcome to Old Town, one of the Windy City’s most historic and desirable neighborhoods. Early immigrants to Chicago, mainly German and Irish settlers who put their mark on the community, settled the Old Town Triangle Historic District. It was originally a farming community and then became an area popular with laborers. Today, it’s a thriving and up and coming area equally long on culture and amenities and a central location sure to knock out that long commute from this gorgeous executive rental.

A Short Term Rental in a Hot Market

There’s so much to see and do here; Chicago continues to set tourism records (54 million tourists in 2016 alone) to see its world-renown sights. From this fully furnished two-bedroom, two bath furnished house in Old Town, it’s only five minutes to Lincoln Park and the Zoo and just ten minutes drive to the Navy Pier and The Magnificent Mile. And it is only fifteen minutes to the Cubs at Wrigley Field, The Willis Tower, the Bulls and Blackhawks at the United Center, or the Adler Planetarium.
Granted “landmark” status in honor of its curb appeal and cultural relevance, this historic cottage has been renovated and upgraded inside and out while preserving its roots. But the great CHBO Certified photos tell the story of this home, sitting along the tree-lined thoroughfare of North Mohawk Street, in a community brimming with culture, history, and fun. An extended stay here means you can walk, jog, or use a bike share to get to gyms, farmers markets, grocery stores, and literally dozens of great restaurants. Walk, bike, play soccer, baseball, and more at Lincoln Park, or visit the free zoo or Chicago History Museum. If you drove, getting back to this furnished rental home is easy – there’s an external one-car garage reserved for corporate tenants. It can be difficult to find furnished rentals on Chicago’s north side with provided parking, not to mention a home this beautiful, so you should hurry before it’s gone by contacting the owner through the listing or call Avena, at 1-773-294-5371 today!

Take a Tour of This Executive Rental

Up a few steps and past the iconic white picket fence, you’ll enter to a colorful and lovingly restored space. An eclectic style as vibrant as the neighborhood greets you, bright colors and patterns setting a striking tone and tying together living, dining, and kitchen into one long, spacious living area. Colorful purple sofas, wall mounted bookcases, and oriental carpets mark the living room, set off by track lighting. One sofa pulls out to a full-size bed for guests. This transitions to a dining room with a formal buffet and dining table of solid wood seating up to eight lucky guests. A small step up and a bulkhead ceiling set off the dining room from an astounding and fully stocked kitchen. Plaster and tin ceiling ornamentation is preserved here and adds a unique style to a gorgeous modern space consisting of stainless steel appliances that includes a gas range, food processor, and toaster oven, along with ample dark granite counters from which to work. Should you need it, the owners have even carved out an office space on the main level where you can craft that novel you’ve been meaning to finish. Finally, a small Victorian bedroom on this level offers a twin bed and bath with Victorian claw foot tub.

chicago short term rental

From the main level, ten steps down take you to the quiet and private bedrooms of the lower level. The master bedroom is appointed with and adjustable king bed and dressers, and is colorfully painted and decorated with oil paintings highlighted by the track lighting in the tray ceilings. A long master bathroom with shower and Jack-and-Jill sink basins is beautifully decorated like an old Hollywood vanity. The second bedroom space is optionally setup as a den with lots of comfy seating and a keyboard. There’s also a laundry room on this level with washer and dryer. Wi-Fi and Cable are of course included so you won’t miss you favorite shows. This home is soon-to-be CHBO Complete, so book with confidence.

High-End Housing Plus Higher Education Nearby

Professors will love this home and access to Depaul, University of Illinois, Loyola, or the University of Chicago. It’s also just a half hour to Northwestern University. Of course, Chicago North Side business and health care is equally legendary, with the likes of Baird & Warner, ABT Electronics, Coyote Logistics, Groupon, Hyatt Hotels, JLL, Sidley Austin, Lou Malnati’s Pizzeria, Exelon, Mondel?z International, and Discover Financial Services. Insurance giants like State Farm and Allstate are here. The Rush-Copley Medical Center and the Cancer Treatment Centers of America lead the Medical field. Other nearby prominent companies includes Archer Daniels Midland, Boeing, McDonald’s, Walgreens Boots Alliance, United Continental Holdings, and Sears Holdings Corp. It’s possible to take the train or ride a bike to work, with stations just three minutes walking and a bike share just two minutes away. Wherever your Chicago assignment calls you, there are plenty of options on how to get there from this gorgeous extended stay home in Old Town.