Category: Value of Corporate Housing

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Corporate Rental Property
September 30, 2019 1 Comment

Tips for Corporate Rental Property Retention to Start the Year Off Right!

Back in 2011, a study by SatisFacts estimated that the average cost of turnover for a rental property was as high as $3,900. When you take into account days lost to repairs, vacancy, professional cleaning, standard maintenance, and marketing, the cost of turnover can leap to several months of income if the property was being rented. Working for lease renewal is a great option and something all corporate housing managers should have strategies in place for. We have three that can help you on that path....

Corporate Housing survey
August 19, 2019 Post a Comment

What is the Annual Occupancy Rate for Your Corporate Rentals

Do you offer furnished housing for corporate guests? Have you ever sat down to think about how often you have an occupant in the provided corporate rental apartment? As of 2016, CHBO has been asking questions about this exact thing on the annual corporate housing real estate report. We’ll share the results below so you can get an idea of how your own homes stack up....

Corporate Housing
April 22, 2019 Post a Comment

Red Flags to Watch for When Screening a Corporate Housing Tenant.

Anyone who has been in the property management field for a long period of time can tell you that you begin to notice red flags immediately after enough experience. Someone calls in about one of your corporate rentals and you might get a feeling that something isn’t quite what it should be. However, most of the common red flags are easy to watch for even for those without tons of experience. We’d like to share them with you today....

Portland corporate housing
April 15, 2019 Post a Comment

City Spotlight: The Best and the Brightest Corporate Housing is in Portland, Oregon

Portland is known as a place where the housing market is either shooting up into the sky and beyond or crashing to the ground. However, as of 2018, things seem to be changing for this popular Oregon city. While the median home price is still rising, it’s only doing so at half the rate it was one year ago. Houses that used to sell nearly immediately are now taking a couple of weeks to do so. This is a slowdown that is expected to last and is an exciting sign of what may still be to come....

May 29, 2017 4 Comments

Why use CHBO to market your rental property?

There are many factors to consider when you decide to make your property available for rental. To whom will you market, for what duration of stay, and at what rental cost? How will you market the property? How will ensure it’s maintained and ready to turnover with each new guest? There are a lot of things to consider, and your decisions will have a major impact on the success of your executive rental. Fortunately, a decision to market your corporate rental with CHBO takes some of the guesswork and uncertainty out of this process. How? Corporate short or long...

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May 16, 2017 Post a Comment

Trends in Corporate Housing

Corporate Housing is an ever-changing market. While there will always be a market for great locations and great values, economic and generational trends have a big impact on demand.  As our society and the people in it change and grow, our needs and wants change with it. One of the keys to success for corporate housing owners is to understand and adapt to these trends. One trend is a greater level of certainty in choosing a rental property. Today’s corporate clients are more likely to remain in housing longer while making sure they’re satisfied with their housing choice. More and...

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February 23, 2016 Post a Comment

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...

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December 3, 2015 Post a Comment

Value of Corporate Housing: Open Windows.

Smart travelers value corporate housing because they have the power to open their windows. Over the years, here at CHBO, we love to talk about the value of corporate housing for you the traveler. In fact, I just spent the day with a group of leaders helping to produce a prime-time video on the values of corporate housing. We talked about the larger square footage of a corporate rental compared to a hotel room, we talked about the added health values of having a full-size kitchen vs something else, we talked about community and neighborhood connectedness and all those traditional...

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