Cyber Monday – Get Listed with CHBO – Receive 30% OFF

Cyber Monday CHBO

The term ‘Cyber Monday’ was created by marketing companies to encourage people to shop online and Cyber Monday is time when corporate tenants, and shoppers in general, are looking for good deals. Put your furnished property in the right place at the right time. The holidays can be expensive and saving 30% means more cash for gifts or even for upgrading your property.

CHBO is offering flat 30% off on all new and renewal of listing packages and 10% on platinum packages.

30% OFF New Listing Package – Coupon Code: ccmondaychbo (excludes platinum)

10% OFF Platinum Listings Coupon Code: ccplatmon

30% OFF Renewal Listing Package – Coupon Code: ccmondayrenew (excludes platinum)

*Both offers only good on 11-26-2018

Many corporate relocation, project assignments, and contract renewals happen on January 1st, so by listing now you’ll be seen at a time when new potential tenants, just informed of their upcoming move, will begin looking for accommodations.

Cyber Monday CHBO

Go Bigger and Go Home – A Look at Real Estate Upsizing

real estate upsizing big homes chbo

Have you, like millions of others, watched the whole tiny homes trend develop? People downsizing their possessions to such a degree that living in homes of 300 square feet or less is the foundation of this trend, and yet it remains strong. Only, it is not as strong as another trend, and that one is known as upsizing. As one article recently joked, “Downsizing? That’s so 2016. Housing trends indicate a move toward bigger, not tinier, homes…” Yet, this is also indicative of a corporate housing trend, too.

What we mean is this – housing supplies in the larger urban areas are on the decline, and more and more are finding that they can only afford tiny properties if they also wish to remain within the city. As that article noted, many moves just outside of their cities and opt to invest in or build larger homes. This leaves a lot of smaller properties available within the cities. These then become ideal candidates as short-term apartments, which is part of the increasing corporate housing trend.

Big homes by CHBO

These smaller homes are exactly what traveling professionals desire. Rather than an unwelcome stay in a long-term hotel, the short term apartments with their separate living and sleeping areas, their in-building amenities, and their home-like feel are a superior choice.

The corporate housing trend has been veering away from extended stay hotels and instead of turning towards furnished and welcoming short term apartments. So, the upsizing trend, which is leading more and more urban dwellers to head to the nearest suburban regions is a good thing for property investors and supporting the corporate housing trend in one or two bedroom apartments.

Naturally, not all areas are in this exact position, but most of the country’s growing metro areas do reflect this shift. For example, the “median square footage of new homes is up 20 percent since 2000, from about 2,000 square feet to about 2,500 square feet… Fifty-six percent of millennials said that having a large home is important to them, compared with 42 percent of Gen Xers and just 35 percent of baby boomers.”

So, if you are eager to invest in corporate housing properties and furnished rentals, you will find that there are more and more of the smaller, short-term apartments becoming available. Choose the right neighborhoods and this exodus into the suburbs will actually work to your benefits.

Improve Corporate Housing With Tech Updates

Real estate property manager

Those who own corporate housing properties and short term apartments know that there are a lot of moving pieces involved. It is never just a matter of keeping properties booked and clients happy. There are matters such as upkeep and maintenance, cleaning, insurances, property management and more. This is why tech updates are one way to improve your corporate housing outcomes easily and efficiently.

Property management discussion

If you ask owners of short term apartments and corporate rentals, one thing that seems to constantly come up is the unpredictability of utility usage by a renter. One corporate client may use so little electricity or energy it seems as if they never arrived while others gobble up an entire household’s worth of energy. This can put a crimp in the bottom line, but tech advances can help.

There are now “smart home” options that can be just as effective for short term apartment rentals as everyday homes. They include:

  • Smart thermostats –Smart thermostats – Able to learn a tenant’s habits and needs, they save money by recognizing these patterns and shutting down when the home is unoccupied reducing costs. Adjustments can also be made remotely.
  • Energy monitoring – These apps are everywhere and can be used to monitor the rental property’s use of energy. Revealing consumption patterns can be a good way to work with renters to cut back on waste.
  • Smart lighting – Along with the internet connected appliances, doors and security, you can also have lighting that operates this way. Installing programmable switches, using motion sensing elements and that can be controlled by mobile devices allow lighting costs to be significantly reduced.

With just these tech updates, you can begin to reduce energy consumption that improve your bottom line.