Colorado Couple Finds Stream of Quality Tenants at CHBO

Ray and Rayetta Thomas’s home is nestled in a private neighborhood in Manitou Springs, Colorado. The property has a breathtaking, unobstructed view of Pikes Peak and is minutes from Colorado Springs, Colorado. When it came time to renovate their detached garage, Ray and Rayetta decided to put a flat roof on the garage so they could add a second story guesthouse on top. After the project was complete, the property sat vacant with the exception of a few guests here and there. Rayetta says she felt the home was too valuable to be vacant all the time. It was...

Trends: Corporate Housing Real Estate Landlords

“Who is a Corporate Housing Real Estate Landlord?” is a question we get a lot at CHBO. Real Estate investors want to know if they would be a successful landlord and if their property would be a good match for the needs of the business travel. The following is what we found in the CHBO Annual Corporate Housing Real Estate Survey. Property Locations – Where is your property located? We received hundreds of survey responses from property owners and real estate managers across the United States including 32 states and the District of Columbia. Similar to last year, the...

Trends: Corporate Housing Real Estate Report

After two decades in the corporate housing real estate sector, I’ve come to appreciate and respect the importance of watching trends and studying data. As you look for ways to be more successful with your rentals and capitalize on emerging trends, our 2015 Corporate Housing Real Estate Report can help. This report contains the results from our annual corporate housing real estate survey — now in its seventh year. Once again, we received hundreds of responses. I’d like to thank everyone who took the time to complete our survey. We appreciate your input! – Kimberly The Need for Corporate...

Real Estate Investing: The Lottery Backup Plan

Real Estate Investing: The Lottery Backup Plan – just in case you didn’t win! I know we were all a little surprised last week when we didn’t win the billion dollar lottery.  The great news is we have other options for building our wealth that don’t have to include luck and unachievable odds. Since I get to talk a lot about real estate investing I thought I could share a few of those ideas with you… If we could all win the lottery the reality is we probably would not be in the market for investment real estate. However, since the...

Furnished homes and Apartments – Best Choice for Travelers 

According to our 2014 Annual Report, we discovered that the greatest number of independent corporate housing real estate rentals is one bedroom rentals which represent 41% of those surveyed, while around 29% said that their properties featured three or more bedrooms. In the full service corporate housing field, things were a bit different with 50% of the rentals being one-bedroom units. Those who are traveling alone find that small apartments and condominiums tend to be the best choice when it comes to their needs for furnished homes. Both the independent and the full service corporate housing sectors tend to have their  own niches that they fill. Independent services can cater to those who need to have  larger spaces, while full service corporate housing seems to have smaller units that are  ideal for those who are traveling alone.    Why Choose a Smaller Apartment? A one-bedroom, and in some cases a two-bedroom unit, is generally a perfect solution  for those who are traveling on their own for a number of different reasons. First, the  smaller units tend to have lower prices than larger units in the same area with  comparable features. Second, the solo traveler does not need to have as much space.  They aren’t traveling with other coworkers or family, so the extra space is unnecessary.   ...

Rental Management: Software for your Corporate Apartment

So if success is defined by setting customer / tenant expectations and then meeting or exceeding them you may need some additional property management software tools to help with the management of your corporate apartment and to save you from the physiatrist! HELP! Ok where do you start? I have always used property management software that allows me to track all my property details and all my tenant details in one place.  What I need is at least… Cloud Based. Reservation Board. Accounting. API Feeds (ex send my availability calendar directly to CHBO). Mobil Property Inspection Forms. Cloud Document Sign and Store....

DIY? To Manage or Not to Manage Furnished Rentals

That is the question! Do I? or Don’t I? Want to manage my furnished rental all by myself, with human help, withprofessional help or with computer help?  and at the end of the day will I need professional help from a physiatrist? STOP… Sorry the answer is not all about you. What does your customer/renter want? What does your customer/renter expect? What can you deliver? Success as a property landlord is all about setting and then meeting or exceeding the expectations of your customer/renter! And don’t forget about your most important marketing investment: The Tenant Review. Make sure your customer/tenant has a...

Rental Discounts & Extended Stay Rentals

Yes there are generally rental discounts available for EXTENDED STAY RENTALS if you are willing and able to sign a longer term lease 🙂 Defining a “Longer-Team Lease” How a property owner defines a “longer-term lease” can vary significantly, depending on the market and the property. One property owner’s definition may be three months, while another’s definition may be 12 months. Nonetheless, while these discounts may be applied differently, the discounted amounts are fairly consistent. If you’re new to real estate, the takeaway here is to avoid over-discounting. Very few property owners discount by 15% or more. The key...

Temporary Lodging: Rental Rates and What do I Get!

Ever feel confused? Why can’t everything in life just be a little bit simpler? First I have to figure out what is “Temporary Lodging” and then I am expected to know how to compare one property to the next? Dear Property: Please help me better understand temporary lodging. Please help me understand the value included in your rental rate. Thank you,  Confused Renter. Let’s just start with the basics – NO ONE LIKES Hidden Fees!!! Did I mention this is why I love CHBO COMPLETE!!!! Read more blogs about CHBO Complete. If Property A and Property B are both CHBO...

Investment Trends: Luxury Real Estate Rentals

We have got to love 2015 and Luxury Real Estate Rentals! Doesn’t the days of real estate “Recessions” seem very far away?   Last week I sold one of my luxury real estate rentals. The property was profitable so why did I sell? Partly diversification and partly because I could. Every once in a while it is exciting to see how profitable real estate investments can be over the long term and not just on the month to month positive income level. It really was fun to list a rental for sale fully furnished and with a tenant included. The...