Corporate Housing by Owner (CHBO) in the News

Apr 13, 2018 CHBO General, CHBO in the News, Corporate Housing Post a Comment

Get CHBO’s Advice Before Investing In Real Estate

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.

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.

Jan 08, 2018 CHBO General, CHBO in the News, CHBO Property Spotlight Post a Comment

Property Spotlight: A Shining Beacon in Maine Corporate Housing

Today’s spotlight furnished rental is the very definition of tranquility and relaxation. This lovingly preserved, multi-tier gabled colonial farmhouse sits amidst a sea of green fields, apple trees, and horse pastures in rural Durham, Maine. This gorgeous pastoral country is the setting for this classic 1830’s three-bedroom, two bath farm home, CHBO Certified and ready for your corporate retreat or extended stay.

Just listen to this happy client: “Pictures, reviews and ratings, all wonderful, do the Thanksgiving Farm an injustice. The place and people scored off the charts for us!!! We can’t recommend it highly enough. Thanks!” Galen, October 2017

The Economy Here is More than “Maine-ly” Lobster

Maine Lobsters are the world’s most famous crustacean and a luxury food that’s made the state’s seafood producers famous. Up on land, poultry, eggs, cattle and potatoes star, but it’s manufacturing of health care products and paper and wood products that drives this economy the most. Health care is highlighted by Maine Medical, Mercy, Mid Coast Regional, Central Maine Medical, and St. Mary’s Regional Hospital. A few major firms call Maine home: Fairchild Semiconductor, IDEXX Laboratories, and outdoor clothing retailer L.L. Bean. Portland, just thirty minutes from this idyllic farmhouse, is growth-focused and supports a strong business culture of small to mid-size companies. The downtown district in Portland, and the Old Port historical area, provides many business opportunities for residents and visitors. The Jackson Laboratory, is the world’s largest mammalian genetic research facility, and calls Maine home. This could be due to the ample number of higher learning institutions like Bowdoin, Bates, Colby, the University of Maine, and the University of New England.

See Rural “Nor-Easter” Charm from this Maine Short-Term Rental

You’ll enjoy the calm and tranquility of home here, and when its time to get out and see more this state, Portland is a great place to explore. Breweries like The Maine Brew Bus, Shipyard Brewery, and Allagash Brewery provide suds to go with surf. Shore access means fishing charters, paddle boarding, and cycling along the coast. Commercial Street, Congress Street, and Market Street are replete with waterfront shops and cafes to peruse. Art lovers can visit the Portland Museum of Art, sports fans can catch minor league baseball at Hadlock Stadium, home of the Double-A Sea Dogs, a Red Sox affiliate.

If You are Fishing for Luxury Corporate Rentals in Maine, You Caught a Beauty

“We were very excited to find a house which seemed very nice on a horse farm…When we arrived, we were very happy to see that the house was even better than the photos….it is obvious that the owners have put a great deal of time and effort into restoring this beautiful property. We were even more impressed by how kind and friendly the owners are….”

The reviews say it all. This beautifully preserved and maintained classic 1830’s farmhouse with modern upgrades located on a horse farm with three Icelandic horses cared for by the owners. It’s CHBO Certified, so you know it’s fully furnished and appointed with top-end furnishings so all you need to do is pull in to the two-car attached garage and come in via the mudroom, put down your luggage and feel at home.

“It was comfortable and spotless, all the comforts of an inviting home. The setting is beautiful – apple trees and horses and wide-open fields. We only wished we were there longer.”

Enjoy a sunny eat-in kitchen with spacious central island and farmhouse sink, a washer and dryer alcove, Hearthstone wood stove and bucolic views of the courtyard and verdant gardens, pastures and stone walls. The cozy living room features a fireplace and baby grand piano. A dinner party is a must here with an elegant dining room seating up to eight lucky guests. Upstairs, three spacious bedrooms await, sleeping up to six. The master bedroom suite includes a king bed, there’s a garden view bedroom with a queen bed, while the third bedroom has two twin beds perfect for the kids, or could easily serve as an in-house office thanks to a desk and a gas stove. Bathrooms on both floors here include heated tile floors, large custom shower and a double faucet farm sink.

“The house was great and even better than expected, very clean with everything you could ever need, especially if you expect to cook. Barbara and Jim also gave us great recommendations on what to see and where to eat in the area. We even got some nice recipes and got to pick some apples from the tree in the back. The horses were amazing to see in-person and Barbara will teach you all about them if you have any questions (like we did). They’re very well behaved and we even got to pet them! Overall it was an amazing stay and we’ll be sure to come back if we’re ever in the area!”

The owners, Barbara and Jim, live on the neighboring property. Maine Corporate Housing doesn’t get better than this. Be sure to call them at +1 (207) 650-3169 today before your miss your chance to relax at this beautiful farm house during your stay in Maine!

Nov 02, 2016 CHBO in the News, Cities, Travel Tips Post a Comment

City Spotlight: Detroit, MI furnished housing rentals

The Michigan city with the highest population, Detroit is the fourth largest city throughout the American Midwest. Sharing a border with Canada, it is also a uniquely metropolitan city with more than 70% of its inhabitants within the metro area. Because of its location and its many different types of businesses, there is always the need for Detroit corporate apartment options. Ditroit corporate housing

The Geography of Detroit

Situated on the Detroit River, it is a point that connects the Great Lakes to the Lawrence Seaway. It is also home to a major airport that serves as the hub for a long list of commercial lines. Its economy is the second largest in the Midwest, and it is home to three Fortune 500 firms. These major businesses in the city focus on health care, technology, finance and manufacturing.

Names such as General Motors, Chrysler, Quicken, DTE Energy, Little Caesars, and Shinola are but a few of the enormous firms with a presence in the city. Clearly, with so much corporate activity, there is going to be the need for Detroit furnished housing.
Currently, more than eighty thousand people work in the city’s downtown area, and these firms are in addition to a long list of large companies with more global profiles. For example, HP, PriceWaterhouseCoopers, and Deloitte are all present in the downtown area of Detroit, and also create the ongoing need for Detroit corporate apartment options.

Midtown Detroit is home to the central business district, another source for the growing need for Detroit furnished housing. Yet unlike many cities, the Detroit CBD is where a great deal of education and medicine are found. There is the Detroit Medical Center and Henry Ford Health System in the Midtown area, but so too is Wayne State University. Tech firms have taken hold in this part of the city and also create more demand for Detroit corporate apartment opportunities.

Many firms have opted to relocate into the downtown and midtown areas from the suburbs, and firms like Compuware, OnStar and Blue Cross Blue Shield are now also causing an increase in the need for suitable Detroit furnished housing convenient to the many different workplaces.

Currently, the largest residential area is the midtown region with an occupancy rate of close to 100%, and this has stimulated development, but also made it possible to find a Detroit corporate apartment on the perimeters of the busiest and most dynamic neighborhoods.

The options for Detroit furnished housing include private homes in the suburban areas, and many Detroit corporate apartment choices. The city actually has a high Walk Score that makes it one of the most walkable large cities in the United States. Roughly 2/3 of the populace will dine out or attend events within the city proper.

With much to see and do, and a thriving midtown and downtown district, those who need Detroit furnished housing are in luck. This city is on the ascendancy and has much corporate and business activity, along with many unique areas in which to enjoy a short-term lease on corporate or furnished housing.