CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
We don’t know about you, but we really prefer our money to work for us and not sit earning low to no interest for someone else. Yet, this is exactly what a security deposit will do! Whether renting a furnished apartment or corporate housing, you understand why a security deposit is required, but all of that money could be going to much better use. That is why we suggest ARDP....
Yes, we love our pets. Yes, we travel with our pets. Yes, we need corporate housing rentals that can accommodate our pets. Every year in the Annual CHBO Corporate Housing Real Estate Report we talk to CHBO property owners about accepting pets in their corporate housing rentals and last year 38% of property owners said they will accommodate your pets. Of these respondents 72% say they accept pets because it keeps their rental properties occupied. Successful corporate housing property owners have discovered that pets can get their properties rented and at higher rental rates. Last year CHBO properties that accommodated pets charged...
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...
Yes, we love our pets and yes, corporate housing tenants frequently can’t live without their animals. Sorry just a fact of life. In today’s world we all want to live, shop, travel, drive and even dine with our pets and corporate housing tenants are no different. If fact one of the ways CHBO property owners get their properties rented more often is by accepting pets! 69% of CHBO properties accept pet to get the properties rented! Warning: Parrots! Yes I once had a parrot eat the blinds in one of my corporate rental units. So always get ARDI (Accidental Rental Damage...
In the world of corporate housing there are a lot of extra services we help connect tenants with. Of course ARDI or Accidental Rental Damage Insurance is the most frequently used service but there are a lot of other services we connect our tenants to. Other connections might be local real estate agents, concierge services, local restaurants, schools, jobs and anything that can help them in their new temporary home. Rental cars are another item that corporate housing tenants often use. It could be worth your while to research local providers and have this information as part of your...
Did you know that 43% of CHBO property owners allow pets in their rental properties? We are constantly asked whether a corporate rental should allow pets. On one had, your property is furnished, so there are things that can easily be damaged by a pet. On the other hand, you want to maximize the number of renters you attract, after all, this is an investment and you don’t want to alienate potential good tenants. Did you know that 43% of property owners accept some kind of pet in their properties, according to the CHBO Annual Report? While pets can...
Security deposits are one of the most important tools you have to protect your rental property. Maybe you don’t need them? What is ARDI and LOR? CHBO Annual Report found 92.4% of “by owner” landlords regularly collect some kind of security deposit. Let’s discuss some of your common security deposit questions below… Do you HAVE to require a security deposit? No, you don’t. But if you choose not to collect a cash security deposit, instead consider offering Accidental Rental Damage Insurance (ARDI) – it’s a great alternative to the security deposit and offers the same protection. ARDI is insurance that covers accidental...
Did you know that 47% of CHBO property owners allow pets in their rental properties? We are constantly asked whether a corporate rental should allow pets. On one hand, your property is furnished, so there are things that can easily be damaged by a pet. On the other hand, you want to maximize the number of renters you attract, after all, this is an investment and you don’t want to alienate potential good tenants. Did you know that 47% of property owners accept some kind of pet in their properties, according to the CHBO “By Owner” report? While pets...
Press Release from CHBO DENVER, March 06, 2013 – CorporateHousingbyOwner.com (CHBO), an online marketplace connecting private landlords of furnished, short-term rentals with tenants in need of temporary housing, makes the results of its 2012 By Owner Corporate Housing Annual Report available to millions of Amazon Kindle users around the world. For $.99, Kindle users can download the report, which is chocked full of stats, trends and insights for individual landlords managing furnished rental properties. Further, the By Owner Corporate Housing Annual Report also is available in paperback for $24.95 on Amazon.com. “Our Annual Report is an important tool that...
Many real estate businesses are trying their hand at property management to help boost their businesses and create retainer-like income. However, before you start offering property management services to your company’s clients, consider these dos and don’ts. Don’t simply agree to manage a rental property as a favor for a client or friend. Take the time to understand what this means, how it will impact your business and the amount of time you can dedicate to your business, etc. Make sure such services are part of your core business model. Do make sure you have a company policy and...