Corporate Housing

Lump Sum Relocation Trends – 3 tips to get more rentals!

One of the world largest financial institutions contacted Corporate Housing by Owner a few weeks ago to learn more about our property listings and how their employees can rent them. The company representative said she wanted to recommend the site to all of her company’s relocating employees. In the past, a company HR official would have coordinated the entire relocation process for an executive, but this phone call reinforced that the relocation trend now involves lump sum payments. Lump sum relocations are where employers give an employee they are relocating to a new city a lump sum of money to...

Corporate Housing

Rental Demand Trends I am Watching

I thought you might like to know about some of the new trends I am seeing in Corporate Housing demand. For the last few years large major business relocations really made it easy to find high paying corporate tenants however with the downturn in the real estate market it is hard to sell homes and corporations are watching what they spend. What does this mean for corporate housing? Are there new trends for corporate housing users? YES! You bet! Two new trends I have been watching this week are (1) Inner State Relo and (2)Home Renovations. (1) Inner State...

Real Estate Market Growth

The Many Meanings of Corporate Housing from the Corporate Housing Providers Association

In 2013, we posted a brief article about the revised definition of corporate housing from the Corporate Housing Providers Association or CHPA. They are the only trade association that is exclusively dedicated to the corporate housing industry. The Corporate Housing Providers Association “advances the highest standards in business and professionalism; provides valuable insight, knowledge and resources to the industry; and increases visibility among related industries.”...

Independent Corporate Housing Real Estate Segment: Outlook & Profitability

About the Independent Corporate Housing Real Estate Segment: Outlook & Profitability

Outlook & Profitability 2018 is the highest year with ​96% of participants stating their property was either profitable (76%) or breakeven (19%)​. Only 4% of owners said their property was unprofitable. Based on the fact that more owners than ever purchase a property as an investment and the steady increase, 2018 being the all time high, we believe our property owners are achieving satisfactory returns from r their investment properties....

Corporate Landlord

What Corporate Rental Landlords Need to Know About the Fair Housing Act

If you are about to invest in corporate rentals and executive rentals, or you already own them and wish to be in full agreement with federal laws, you need to be aware of the Fair Housing Act. It is legislation dating back to 1968 and it “prohibits housing discrimination based on race, color, religion, national origin, sex, disability and familial status”. It applies to corporate rentals as much as it does to standard housing options, and that means you have to pay attention to it when listing and renting your executive rentals, too. How would you have (inadvertently) violated...

Corporate Housing

Tips for Preventing Subletting in Your corporate apartment rentals

If you follow trends in housing, you see that furnished housing rentals and corporate apartment rentals have spiked over the past few years – particularly in popular urban locations. However, they are also used for longer holiday homes, too, and so it is important that property owners know all of the different issues that can occur when offering up such housing options. One of the most difficult is the issue of subletting. It is usually a given that furnished housing rentals are not permanent or long term. Most corporate apartment rentals are completely furnished, as are many seasonal rentals....

real estate upsizing big homes chbo

Go Bigger and Go Home – A Look at Real Estate Upsizing

Have you, like millions of others, watched the whole tiny homes trend develop? People downsizing their possessions to such a degree that living in homes of 300 square feet or less is the foundation of this trend, and yet it remains strong. Only, it is not as strong as another trend, and that one is known as upsizing. As one article recently joked, “Downsizing? That’s so 2016. Housing trends indicate a move toward bigger, not tinier, homes…” Yet, this is also indicative of a corporate housing trend, too. What we mean is this – housing supplies in the larger...

Corporate Housing

Corporate Housing Real Estate Report 2017: Outlook & Profitability

Profitability Great news for Corporate Housing​, the fifth year in a row, more than 9 out of 10 respondents ​report their properties are profitable or break-even. Over the last few years we have seen an influx of new investment owners entering the market. And they are paying more per square foot for their property purchases than that of previous owners. This means their overall expenses are now greater than the former owners. of these properties and profitability is therefore reduced. Owners with a lower cost basis and with rising rents have seen increased profitability. This year however, factoring in these...