Tenant Advice: Rental Cars & Insurance

In the world of corporate housing there are a lot of extra services we help connect tenants with. Of course ARDI or Accidental Rental Damage Insurance is the most frequently used service but there are a lot of other services we connect our tenants to.  Other connections might be local real estate agents, concierge services, local restaurants, schools, jobs and anything that can help them in their new temporary home.  Rental cars are another item that corporate housing tenants often use.  It could be worth your while to research local providers and have this information as part of your...

Rentals: Do Not Skip the Property Inspection

Inspecting your property between tenants is crucial if you don’t want to have to pay for damages you discover later. Your tenant signs the lease and without hesitation you hand over the keys with the move-in/inspection checklist. “Get this back to me as soon as you can and let me know if anything is wrong,” you say. Sound familiar? Too many landlords ignore the crucial step of property inspections between tenants. However, the effort to accurately document damages to your property between renters can make recovering repair costs much easier, saving you from having to pay for the damaged item yourself,...

Rent Negotiating Strategies – how to get renters to pay your rate

Are potential tenants constantly trying to negotiate your price?  Are you worried that you’ll sour the deal if you don’t discount? In general, tenants always ask for a lower rate or rent negotiating. It seems like no one wants nor expects to pay full price for anything…period. But if you’re like us, you want to get a reasonable rate because you’ve priced your property strategically from the start. Here are a few tips to help you get the price you want without souring the deal: Anticipate and Accept the Negotiation. You have researched your market, you know the comps and...

Renter Tips: Converting Inquiries Into Tenants

CHBO can help you convert inquiries into tenants! You may get lots of inquiries asking about your furnished rental property, but are you effectively converting those inquiries into customers? Here are some tips to help you convert a rental prospect into a customer: Respect each lead. You never know how a lead will turn out so don’t let any stones go unturned. If you don’t call back a lead because you don’t like their proposed rate or because they have a pet, you may be missing out on the perfect renter who is willing to make compromises to work with...

Rent: Should You Take Credit Cards?

Accepting credit cards has its benefits:  Professionalism Convenience Competitive Advantage and more Learn why and how to accept credit cards by reading on. Yes!  Accepting credit cards is a must with corporate tenants who may be traveling on business and using the company card. It may be their only method of paying you. What are some of the other benefits to accepting credit cards? Professionalism: You give your tenants an expected level of professionalism and confidence that you’re running a real business. Convenience: You make it easy for them to pay you with little hassle and added work. They’re busy and...

How to Screen Tenants Effectively

Screening tenants is a must!   Will you get paid? Will they take care of your property? Are they real? Initial Tenant Screen: An initial phone conversation with a prospective tenant can help you answer these questions: Why are you traveling? When do you need the property? Do you have any special needs? Have you stayed in a furnished rental before? Who will be staying in the property and are any guests minors? Are you anticipating any visitors? Are you bringing any pets? Be on the look out for any potential red flags and ask for clarification when necessary....

Rental Properties: What the Corporate Renter Expects

CORPORATE RENTER: WHO ARE THEY AND WHAT DO THEY EXPECT? HOW DO I PREPARE MY PROPERTY TO MEET THE EXPECTATIONS OF A CORPORATE TRAVELER? HOW CAN I MAKE IT EASIER TO HAVE A CORPORATE TENANT RENT MY PROPERTY? Answer: CHBO Complete™ CHBO Complete™ is a self-certification you can give your property. It is a seal of quality that helps tenants identify properties that meet or exceed the minimum standards set forth by the corporate housing industry and as expected by tenants of corporate housing. In other words, CHBO Complete™ means the property is turn-key with all the proper furnishings and equipment....

Help renting to your first tenant!

How to handle that first tenant inquiry.  It can be an exciting and scary time for a new landlord – read below how to handle inquiries like a professional and get the deal done. START by going to CHBO and logging into your Dashboard!  Here you will find for FREE the CHBO Handbook, Annual Reports, dozens of documents and guidelines to make your life easier.  Login to CHBO. 1) Confirm tenant is legit.  Ask Questions – such as why they’re looking to rent your property, who will be staying there and for how long, pets, kids, etc. – Document Link Complete...

Tenant Surprises: Dealing With a Hoarder

Really it is never a dull day when it comes to dealing with tenants. As a property manager the more information we can give tenants and the easier we make it for tenants to follow our guidelines the better. But there are always days when we discover and tenant might have a different living standards than you expected and now what do you do? Property Problems: Dealing With a Hoarder Typical landlord worries include late payments, loud tenants and busy schedules. These concerns come with the territory, and most landlords have the experience and know-how to keep their properties...

Minimizing the Hassles When Renting Out Your Corporate Home

A growing portion of the population — nearly 39 million households — are choosing to rent rather than own their corporate homes, according to the Joint Center for Housing Studies of Harvard University. If you are a homeowner who suddenly finds yourself in the unfamiliar role of landlord — perhaps you need to relocate quickly for a new job or you inherited a corporate home — the good news is that demand for rental properties is expected to remain strong. But even with a strong market, you may be feeling uneasy over all the responsibilities that come with renting out...