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...

Corporate Housing

CHBO Annual Report Review: Corporate Housing Landlords – How Long and Why

The results are in, so let’s dig deeper. Each week CHBO will analyze data from the annual corporate housing report and open a discussion. Please provide feedback with your experiences in 2017. This week we discuss how long our providers have been Corporate Housing landlords and why. Years as a Corporate Housing Landlord Property management, of corporate housing, by independent owners remains an emerging field. It’s a field that more owners are committing to, in order to achieve rental success. Consider that: 60% of respondents​ say they’ve been furnished landlords for four years or less. Continuing the trend of...

Corporate Housing

CHBO Annual Report Review: Property Locations and Number of Properties

The results are in, so let’s dig deeper. Each week CHBO will analyze data from the annual corporate housing report and open a discussion. Please provide feedback with your experiences in 2017. This week we discuss CHBO Property Locations. CHBO Property Locations We received hundreds of survey responses from property owners and real estate managers across the United States including 43 states and the District of Columbia. Similar to last year, the top U.S. states for responses​ were: 1. California: 27% (up 6% from 2016) 2. Colorado: 15% (up 2% from 2016) 3. Texas: 10% (up 2% from 2016) 4....

Real estate agent showing modern house to couple

A Look at the Annual Corporate Housing Report

Are you on the fence about joining the CHBO Program and ensuring your corporate and extended stay rental properties get the kind of premium marketing they need? It makes sense to worry about every business expense, but if you look at the most recent corporate housing report data, you’ll see precisely how and why the Certified Program will pay off exponentially. If you compare data reported in our last corporate housing report and most recent figures, you’ll understand that any corporate housing investments are savvy. Yet, you also see that many are finding optimized marketing their ultimate key to...

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...

Corporate Housing

Corporate Relocation Report: What does it cost????

We all know that corporate relocation clients comprise the largest segment of corporate housing users. So when they tell me relocation is on the upswing I know it is good for business. According to the last annual report from the Corporate Housing Providers Association “Relocation continues to be the main reason for client stays in the United States, with project/training the major reason Canadian clients stay in units. Relocation is a close second in Canada.” Last year in the CHBO Annual Real Estate Survey 44% said they had tenants who were relocation related. Worldwide ERC® Relocation Survey: U.S. Domestic...

Corporate Housing

Corporate Housing Reports and Data

ERC – Employee Relocation Council recently had a webinar on “Furnished Housing: The Mysteries and the Facts”  and as a followup the attendees were interested in more Corporate Housing Data here are few resources: CHBO Annual Report – $19.95 on Amazon. The Highland Group: Corporate Housing Annual Report – $495.00 Highland Group. The Corporate Housing Handbook – $26.96 on Amazon. Idiot’s Guide: Making Money with Rental Properties – $14.80 on Amazon. Corporate housing always has played a defined role in most corporate relocations. Smith reveals some of the misconceptions about this destination service. By Kimberly Smith With the trend...

Corporate Housing

Annual Report: Corporate Property Marketing

Marketing: Marketing Trends. In 2013, 37% of respondents say they spent $500 or more on their annual marketing efforts – down from 2012 but consistent with 2011. 51% of “by owner” landlords say their corporate properties were always rented (up from 40% in 2012), while the remaining 49% say they needed more tenants. Marketing Resources. 72% say they had professional photos taken of their corporate properties (up from 63% in 2012), and 37% say they have a dedicated website for their properties. More individual owners are seeing corporate property management as a viable income opportunity that requires polished marketing....