Cover the Costs of Owning a Second Corporate Home!

San Francisco Couple Invests in Second Property in Texas to be Closer to their New Grandson Janie Perez would do anything to spend more time with her grandson – even buy a second corporate home in Texas! She lives in the home when she visits, and rents it out as a corporate rental the rest of the year – a win-win and most profitable scenario for all! Corporate Housing Helps Phoenix Homeowner Build Equity and Still Enjoy a Home Away from Home Too! A California couple desperately missed their daughter and decided to buy a home in Phoenix where...

Buying Real Estate? Corporate Housing vs Vacation Rental

When I invest in a real estate rental property is there a right way and a wrong way to rent it? And if so is there a way I can distinguish what is best between a corporate rental vs. a vacation rental opportunity?  What should I look for and what should I ask? According to the 2012 CHBO Annual Report: 19% of Corporate Housing Investors are ready to buy more real estate this year. What is a Corporate Housing Rental? The biggest difference between a corporate rental and a vacation rental is the length of the occupancy. Corporate rentals are...

Record Corporate Housing Rent? $125,000 a month

Don’t worry you don’t have to spend $125,000 to spend the summer in Malibu – Check out CorporateHousingbyOwner for other affordable options. Word is that director Steven Spielberg — “Saving Private Ryan,” “Indiana Jones,” “Lincoln” — has nudged his Malibu beach compound on the corporate rental market, quietly asking $125,000 a month corporate housing rent for his 7,237-square-foot Craftsman-style main house and accompanying two-bedroom guesthouse. Sure, it sounds like a lot of money to spend every 30 days on just 1.08 acres, but the spread, which includes 130 feet of beach frontage, a massage room, and (duh) a screening...

PPD = Pain Per Dollar – Watch Out for the Tax Man!

A few years back a CHBO property owner told us that she was switching from renting her property as a vacation rental to renting her property as a corporate housing rental.  We asked her why and she said “PPD.” The CHBO Property Specialist ask her to explain.  PPD she told us was, “Pain Per Dollar.” She wanted to make money with her rental property but trying to fix and flip her property nightly and weekly was just too much work.  She was excited to get Corporate Rents who paid good rates but also stayed longer. According to the 2012...

Americans Buying More Vacation Rental Homes

According to data released last week by the National Association of Realtors, Americans are having a love affair with the second home. The number of vacation homes sold in the U.S. went from 502,000 in 2011 to 553,000 in 2012, and of all home transactions in 2012, 11 percent were vacation homes, according to NAR. What Does a Typical Vacation Home Buyer Look Like? A typical second home buyer was, on average, 47 years old. S/He has a median household income of $92,100, and lived a median distance of 435 miles from their primary residence. Are Investment Owners Buying Too? While this...