CHBO Survey

Learn about Pet Trends and Fee Experiences in Accordance to CHBO Property Owners

To protect your rental, if considering pets, here are some tips Know replacement costs (Including loss of rent for downtime to repair, delivery and set up fees) cost to replace furniture pieces/replace/repair flooring cost of complete pet hair extraction and incorporate necessary costs into pet fees/deposits. A point to note here, that isn’t listed below as it was in the comment portion of the survey, is that a lot of owners evaluate pets on a case by case scenario. ​The trend we found the most interesting is the percentage of properties that had “significant” damage due to a pet...

Corporate housing Survey

Learn about Security Deposit Experiences in Accordance to CHBO Property Owners

CHBO always recommend owners opt for the ARDP. This option is a win/win for the owner and the renter. Renters don’t have to tie up large amounts of money and owners don’t have to nickel and dime their tenants or worse come out of pocket for accidental damages during the lease term. Owners just submit a claim with repair/replace receipts and through the ARDP the owner is reimbursed, the best part is they don’t have to involve the tenant. Deposits can be deal killers as most property owners know. What happens when there is damage? If you charge the...

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...

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: Who, What, Where & Why #7

So many questions so little time… Here at CHBO we are passionate about people and finding ways of connecting the best possible corporate housing options with the best qualified renters. For over 9 years CHBO has worked to develop a web platform to connect the world of travelers and the world of corporate housing rentals. Now for the 6th year we are conducting our annual survey of the corporate housing real estate industry from which we are able to provide the Annual Corporate Housing Real Estate report on the trends and expectations of our industry. Your information is essential...