Important Things You Should Know About Tenant Rights

Tenants rights

As many people who own furnished housing rentals understand, the relationship between themselves and renters can be tricky if things go wrong. That is why anyone with luxury furnished apartments (as well as those renting them) are advised to understand their rights as renter or landlord.

There are some basic rules that apply to furnished housing rentals and all other rentals. As an example, federal laws protect anyone from civil rights violations where housing is concerned. What that means is simple: You cannot refuse to rent luxury furnished apartments to interested parties based on their race, nationality, gender, religion, familial status, age or disability. In other words, there is no discrimination allowed where furnished housing rentals are concerned.

Tenants rights & corporate housing

State and local laws, however, are what really dictate the vast majority of tenant rights, and landlord’s rights too. If a landlord needs to take steps on something a tenant is doing or has done, they must turn to the state and local laws to know what to do about the issue. The same thing applies to the tenant who feels their rights might have been violated. As an example, in California, there are local (but not state) laws about rent control.

Tenants can demand livable conditions. Though you might rent luxury furnished apartments, if you are not quick in making repairs that affect the property’s livability, you may be violating a tenant’s rights. The shower that is not repaired for two days or the heating that is not addressed for a week are both examples of a tenant’s rights being violated.

The tenant must pay the rent, regardless of any conflicts. You may have never thought of this as an issue when you began to offer furnished housing rentals, but it is always a risk. Landlords can always pursue an eviction at the moment they cease to get rent from a tenant – regardless of the reason that tenant may be withholding payment.  As an example, one of your luxury furnished apartments might have a hole in a wall and your renter may say it was an aggravation and then refuses to pay rent. That is a violation of the landlord’s rights and the tenant must pay.

Finally, in any furnished housing rentals, the lease is not the law. While you might think that a tenant who damages something in one of your luxury furnished apartments should be legally obliged to pay for it, in most states, that is not the law. You must create your lease documents according to the laws as they apply in the state in which the housing is available. As an example, the renter might break the faucet in the bathroom when doing something foolish or irresponsible. As the landlord, it is our responsibility to fix it, even if that repair costs you money and is not your fault. You cannot write in the lease that the tenant must be responsible.

As you can see, there are many complex issues associated with tenant’s rights and it is in your best interest to know as much as you can before you offer a property for rent.

A Pet-Friendly Furnished Apartment Living Guide

Pet friendly Apartments

Did you know that the pet supplies industry is in the billions of dollars every year? In fact, many pet owners say they are likely to shop for presents for pets when they are away in addition to picking up gifts for human family members. That is why there are now so many pet friendly apartments for travelers to rent. Of course, housing statistics also prove that millenials are now buying homes more and more because they want to be able to live with pets and have room for pets to roam. That too means that any pet friendly rentals are going to get attention.

If you have a CHBO Certified property and are eager to make the most of your premium listings, you may want to consider transitioning some of your properties into pet friendly apartments. More and more often, travelers (whether for business, pleasure or any other reasons) want to bring their pets with them. In fact, some find they must as they just cannot board or find a temporary home suitable to their beloved friend’s needs.

Pet friendly Apartments

Because so many hotels have yet to adapt a pet friendly model, you can really build an advantage for your CHBO Certified property by making it a welcoming space for pets. Be sure you provide resources for those with pets, such as a guide with local veterinary facilities (particularly any 24 hour options or alternative providers), places with dog parks, pet supplies stores and so on.

Traveling to Pet Friendly Apartments

If you are a traveler, you can easily search through the many CHBO Certified property listings and quickly find a large number of pet friendly apartments. Living in them is quite easy as most owners have taken steps to ensure that pets remain safe and feel welcome. A first step is to look specifically for CHBO property listings and ensure that the pet friendly apartments have the space and layouts needed for your pet or pets. As an example, a tiny apartment may not be suited to the family with two large dogs.

Also consider the location. You can easily find a certified property in a more suburban rather than urban or city center location, and this might be advantageous to all. A short commute into a business district, industrial area, medical facility or tourism area is worth it if you can have a secure yard for a dog to romp and enjoy.

Ask your property owner about the local resources essential to keeping your pet healthy and happy, and also consider a microchip if you are going to be a frequent traveler. Animal control officers and animal rescue groups always have scanners and can help reunite you and your pets quickly if they are chipped.

Remember to keep your pet’s medications, basic health information and any travel approvals on hand, too.

You may be surprised at the number of people who now travel with pets and the number of pet friendly apartments and rentals welcoming them for short or long stays.

Get CHBO’s Advice Before Investing In Real Estate

Beautiful young woman corporate rental

The advent of peer to peer property rentals is changing how we travel. Today, it is not difficult to find a residential style property to enjoy while you visit or work in some of the world’s most exciting cities, towns or locations. This has led to an entirely new industry to emerge, the “by owner” rentals. It has also turned lots of traditional investors into real estate investors, too.

These are people (and in some instances, groups of people) who might have opted to purchase a property that they use for ongoing income rather than purchasing stocks, bonds or other traditional investment vehicles. It is a great way to invest, and yet corporate housing rentals are not always a sure thing.

Growing Real Estate sales

Why not? Essentially, it is due to the simple fact that not all areas are well suited to corporate housing rentals, nor are all property types. As all of the world’s real estate investors say, it is all about “location, location, location” and so that is what you want to consider first. Where are you considering your potential rental? Is it in a city in which corporate travelers are likely to have a lot of interest? Are there seasons when corporate rentals won’t occur but which might be offset by leisure travelers? What about the size and condition of the property?

There are many factors that real estate investors must consider, and it is best to use whatever predictive services you might find available. CHBO features a handy “How much is your rental worth” tool that can allow you to simple enter an address and get a reasonable estimate of potential pricing.

Submit the details about the property (such as value, square footage, and so on) and you get a report that indicates what similar corporate housing rentals earn, and what you can expect from that property. This is invaluable advice to potential real estate investors because it allows them to see whether or not the property is in as competitive a place as they had hoped or thought.

Will such an estimate help you avoid corporate housing rentals that are not as profitable as you had hoped? Probably. This is because they specialize in corporate housing rentals rather than general rentals, meaning they are aware of the factors that might most impact real estate investors eager to profit from business oriented rentals.

For example, unlike recreational rentals, corporate properties must:

  • Be close to business districts or corporate headquarters
  • Have higher walk-ability scores
  • Be within easy reach of grocery stores and service providers
  • Have reasonable access to travel resources such as airports, train stations, and public transport
  • Have features and amenities that provide a home-like setting rather than a long stay hotel or more traditional temporary accommodation

There is a lot that goes into a good real estate investment, and when it is going to emphasize corporate and business guests, there are even further factors to consider. Use whatever free advice you can find before making the plunge and you will enjoy much higher returns.