Insurance Housing Solutions

Easy Upgrades that Can Help Furnished Homeowners Save Money on Insurance Policies

Modern smart home technology offers a lot of benefits to furnished homeowners and renters. Smart thermostats enable you to save energy and change the temperature with your smartphone. Voice-activated assistants can turn on the lights and play your favorite music. Smart sensors can even connect to lights and adjust the moment you walk in a room. But as convenient and fun as it is to live in a smart home, these new technologies also come with another big set of benefits: They can actually save you money on your insurance premiums. As prices keep coming down on the latest...

corporate apartment rental

Tired of Daily and Weekly Corporate Apartment Rentals?

It does not matter if you are using one of the daily or weekly property rental sites, or the whole array – this short term rental model may not be in your best interests. As one report about Airbnb recently noted, it is “cruising in uncharted territories” and raises issues with everything from insurance to local laws about hotels and other, similar accommodations. Some of the most popular cities are now beginning to crack down on property owners using such pathways to monetize their furnished housing, and that alone might make you consider the CHBO model instead....

Corporate Housing Rentals

Are High Cost Vacation Rentals Profitable for Owners?

If you have perused the different listings for professional and/or vacation rentals on CHBO and wondered if this was a good enterprise to enter into yourself, you probably have many questions. Let’s spend some time looking at one of the biggest – whether or not they are authentically profitable. In a recent article about the profitability of vacation rentals, the author posed one very significant question, which is this: “Those who live near the shore often hear rumors about the piles of money that vacation rentals bring in. ‘The summer months’ rental income pays for the entire year’s mortgage,’...

Choosing the right real estate property

Should You Market Your Corporate Rental to Homeowners?

In one of our articles from a few years ago, we addressed the issue of whether your homeowners insurance would pay for extended stay lodging in the event your home became unlivable. The long and short if it was that not all insurers do provide this coverage, but since that time many have added such provisions. After all, with more and more areas experiencing extremes in weather, more and more homes are damaged by flood, fire, water and wind or lightning. This can sometimes force homeowners out for lengthy periods while repairs are made (up to six months at...

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Three Ways to Prepare Your Short Term Rental for Severe Weather

Weather can be unpredictable. Recent hurricanes and flood events in the Caribbean, Florida, Louisiana, and Texas have shown that, as did the tragic fires in Northern California. Your corporate rental is a major investment that you want to protect. Having homeowners insurance should be a given, as well as flood insurance in low-lying areas requiring you to be covered. Beyond insurance there are other ways you can not only prepare your home but also protect yourself from income lost to severe weather that prevents a tenant’s stay. Here are three ways you can prepare your short-term rental for severe...

Chicago Corporate Rentals

Property Spotlight: A Remarkable Short Term Rental in Old Town Chicago

Welcome to Old Town, one of the Windy City’s most historic and desirable neighborhoods. Early immigrants to Chicago, mainly German and Irish settlers who put their mark on the community, settled the Old Town Triangle Historic District. It was originally a farming community and then became an area popular with laborers. Today, it’s a thriving and up and coming area equally long on culture and amenities and a central location sure to knock out that long commute from this gorgeous executive rental. A Short Term Rental in a Hot Market There’s so much to see and do here; Chicago...

Corporate Housing

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...

Corporate Housing

5 Things to Consider Before Buying a Corporate Rental in Chicago

Perhaps you already know that renting apartments, furnished rentals and even condos or single-family homes in the “typical” landlord manner is actually the least profitable approach to being a landlord. If not, you should know that “you can net up to eight and ten times more using an advanced corporate housing operating plan.” This is a plan in which you create a turnkey solution to those who require long-term but also temporary housing, and Chicago corporate housing is one of the busier markets. Does this mean that you can simply invest in an apartment or two and begin offering...

Corporate Housing

Insurance Questions for Your Provider and Your Property Manager

For most people, homeowner’s insurance is pretty straightforward. Since they’ll be the ones living in the house, they aren’t overly worried about getting coverage in case of an accident. In general, they just want to be able to pay no more than their deductible if there’s storm damage to the house or if there’s a break-in. For landlords looking for insurance for rentals, especially those with furnished housing, insurance is an entirely different beast. If you’re signing on with CorporateHousingByOwner to rent furnished housing to corporate tenants, you’re going to have a few questions for both your insurance provider...

Corporate Housing

Insurance Questions: Provider and Your Property Manager

Having the right type of insurance and the right amount of insurance is important for anyone who owns property. It becomes even more important when it comes to rental properties and temporary furnished apartments, as you have others who are living in the unit. You need to cover the unit, along with any issues that might arise there. If you own property and you work with a property manager, it is becoming increasingly important to list the manager as an additional insured party on the policy. Later, we’ll discuss why it’s a good idea. What Insurance Policies Does the...