Corporate housing survey

Learn about Marketing Trends in Accordance to CHBO Property Owners

The key to the highest ROI for your property is high occupancy. This can be accomplished with quick turnover or with longer term leases. To insure quick turnover between renters, you have to secure the next reservation in advance. Having self descriptive photos, video, and corporate property description that leaves no question unanswered is the most effective way to secure that next reservation. Internet Reservations Online bookings have become more popular​as these systems allow property owners a 24-hour window to confirm reservations, communicate with potential renters and get additional paperwork signed. Property Apps for Mobile Devices Contact Us For all inquires,...

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 Segment: Properties

Find out what the ideal bedroom count is for offering corporate housing

Properties An essential difference between the full-service​​corporate housing industry and the independent corporate housing real estate segment is the size of property that is rented – and more specifically, the number of bedrooms. Corporate housing rentals in residential properties rented by private owners are generally ​larger, ​in both overall size and bedroom count, than the typical, business-to-business lodging options provided by full-service corporate housing companies....

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 #4

What makes a successful corporate housing provider? What makes a successful Corporate Housing Renter? Where is the corporate housing industry going? Why do people use corporate housing? Who provides corporate housing? Should I pay or charge a security deposit? What about pets? How do I find corporate housing rentals? Your information is essential to assure together we are all more successful – if you own or manage corporate housing rentals please take a minute and complete the 2014 Corporate Housing Survey and get qualified to win an IPad Air!   What we learned from last year’s Corporate Housing Survey #4…...

Give Your Opinion on By Owner Corporate Housing and Win!

Giving you strategic insights into the world of “by owner” corporate housing is of the utmost importance to our team. That’s why every year we take the time to conduct our annual “by owner” Corporate Housing survey. We need your help though. The report is nothing without your shared insights and opinions. If you haven’t already, could you take 5 minutes to complete this year’s survey? Your effort will help us develop our best annual report ever (coming January 2013). To complete the survey, please visit https://www.surveymonkey.com/s/2012CHBOSurvey. The first 50 people to complete the survey will receive a $5 Amazon.com gift card and...

Most Corporate Housing Landlords Require Security Deposits; Few Require Insurance

We’re continuing our blog series to share key findings from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends. How do you protect your property from potential loss? How do you entice a company or tenant to rent your property when a deposit is required, when these travelers can stay in hotel housing without having to pay those types of fees? It’s essential to understand what the industry standards are – and how to protect...