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 UnitedCHBO rental locations
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. Washington: 5% (down 3% from 2016)
5. Georgia: 4% (down 2% from 2016)
6. Oregon and Illinois 4%

Number of Properties

46% of respondents say they have one rental property, tying the highest response we have had two years in a row. 37% report they have two to five properties (up from 35% in 2016). Perhaps the most interesting trend​ to note is that over the last six years, the property ownership numbers have generally stayed the same. (The one exception was in 2011 when we saw a 6% increase in property owners with one rental unit.We believe that may have been due to
the number of “accidental landlords” who entered the market at that
time, due to the economy.)

Given that more than eight in 10 survey respondents​ say they only have one to five rental units, the responses in this annual report truly reflect the independent corporate housing real estate segment.

Total properties Owned

1. Where are you’re properties located?

2. Are the properties located in the top cities reported by the CHBO community?

3. How many total properties do you manage?

Comment below or share this post with your response.

To learn more about this topic and other results, view the CHBO annual report.

To view Historical Reports, visit here.

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 all entrants will be entered to receive a free Kindle Fire courtesy of CHBO. Winner will be chosen at random from those that complete the survey. All emails collected will be kept confidential.

Thank you for helping make our 4th annual survey a success. Without a doubt in my mind, we have the best members, friends and fans. Thank you!