Corporate Housing

What to Know Before Investing in Corporate Housing

According to RealtyTrac, the nation’s largest database of current real estate data, the current decline of interest rates combined with the continued drop in real estate values has made 2011 a great year to consider investing in real estate if you can. For those considering investing in real estate, the National Association of Realtors forecasts a decline from 5.8% to 4.9% of vacancy rates during the first quarter of 2012. These are positive numbers for anyone considering purchasing an investment property they might want to rent out. If you have decided to jump into the real estate investing arena,...

Property Manager

Tax Scenarios for Furnished Houses for Rent

Whether tax season has come and gone or has just begun, if you have any furnished houses for rent, it is of the utmost importance that you know how taxes may help you to enjoy higher returns. In another article on this issue, we considered the expenses that you could (and could not) deduct at tax time, and it is a good idea to re-familiarize yourself with the viable deductions. However, many owners are unclear about rental property taxes and what the overall tax implications might be for this sort of income....

Property Tax Information

Tax Scenarios for Furnished Houses for Rent

Whether tax season has come and gone or has just begun, if you have any furnished houses for rent, it is of the utmost importance that you know how taxes may help you to enjoy higher returns. In another CHBO article on this issue, we considered the expenses that you could (and could not) deduct at tax time, and it is a good idea to re-familiarize yourself with the viable deductions. However, many owners are unclear about rental property taxes and what the overall tax implications might be for this sort of income. One of the first issues that...

Corporate Housing

Millennial Magnet Cities

By now, most consumers know that it is a “renter’s market” much more than a “buyer’s market”. Now here is this more prevalent than among millenials (those born between 1982 and 2004). According to RealtorMag.com, their rates of homeownership plunged “from 40 percent in 2006 to 32 percent in 2015”.  Yet, there are still many parts of the country where millenials actually represent the larger percentage of buyers rather than renters. For example, Elk Grove, CA is a city in which millenials have about 60% of the market share in terms of home buying. Where are the millennial “magnet”...

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

Why to Invest in the Real Estate Corporate Renting Business

Most of us understand that businesses are run on “business models”. There is not a lot of room for flexibility within many business models, and once a company or enterprise gets started along one path, switching its approach can be detrimental. That, however, does not apply to corporate rental real estate, and it is one of the finest business models available. When looking for a solid investment with a nearly guaranteed return, corporate rental real estate is the model to consider. Experts talk about this approach to the “land-lording business” as capable of generating eight to ten times the...

Corporate Housing

DIY Property Management: 4 Tips for Styling Your Corporate Rental Deck

Get your Corporate Housing Property Rented Today: 4 Tips for WOW Styling Your Corporate Rental  Let’s face it, we all really love cool stuff. In our day to day lives we may choose to be more practical or we may prioritize our cool stuff. Are you a car person? or are you all about the designer purse? Admit it! We all have that item that is a must for us. Here at CHBO we talk a lot about having the best possible photos to allow potential renters to fall in love with your corporate rental.   After being in...

Corporate Housing

Trends: Corporate Housing Real Estate Predictions

Really we all want that perfect crystal ball that lets us know what the future looks like and when it comes to real estate investing it is even more essential to know what the future looks like and how these properties will be good investments. – Kimberly Outlook for 2016: Corporate Housing Real Estate Predictions for the Future According to respondents, their outlook for 2016 is very positive. The number of respondents who say the future looks “much better than last year” held strong at 21%, down just slightly from 23%. 41% say they predict that 2016 will be...

Corporate Housing

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...