Insurance Questions: Provider and Your Property Manager

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...

Annual Report: Corporate Housing Tenants

Tenants Experiences with Corporate Housing Tenants. Corporate housing tenants continue to be relatively “painless” tenants. In 2013, 95% of respondents say they had a positive experience with their corporate housing tenants – an all-time high for this report. Renter Types. In 2013, the top two reasons for rentals were: business assignments at 76% and relocations at 44%. The corporate housing renter pool went through some changes in 2013 – including a 9% increase in business travelers. We also saw an 8% increase in vacation renters, a 7% increase in people renting due to home remodeling, and a 5% decrease...