News: Real estate is back. In a big way. Updated CHBO Property Portal

CHBO / Corporate Housing by Owner announces new updated CHBO / Corporate Housing Property Portal to serve growing demand for furnished residential rentals. Enter Kimberly Smith, co-owner and principal of Colorado-based CHBO / Corporate Housing by Owner, a corporate housing property rental portal and founder of AvenueWest Corporate Housing and Avenue West Global Franchise who’s not just cautiously dipping a toe back into the post-recession real estate market with her 15 year old, multi-million dollar corporate housing companies she’s leading the charge and taking growing numbers of real estate investors, property owners and business travelers with her.    “2014...

Should You Raise Your Rental Rate?

Is it time to raise your rental rate? Read below to learn if your corporate housing rental property is priced right… hint, assess your property regularly against the competition. Read more below… As a do-it-yourself corporate housing landlord, you may wonder how your rental fees compare to comps in your area. The housing and rental markets are rapidly changing, so it’s important to assess your rates at least quarterly to make sure it’s on par with the pack. Remember, your rental rate should have nothing to do with your costs. Rather, your rate should be determined by the fair...

Pricing Strategies: Raising the Rent in Tough Economic Times

As a do-it-yourself corporate housing landlord, you may wonder when is the right time to raise your rental rate? Consider this: First, I was once given this advice: Your rental rate should have nothing to do with your costs, but rather the fair market value of what people would be willing to pay to rent your furnished unit. This means the fair market rate should be carefully weighed against a number of factors: Others furnished rentals in your area. Is your rental rate on-par with other, comparably-sized and located properties? You may want to raise it (and possibly lower it)...

Sharing Hotel Rooms with Business Colleagues on the Rise

A May 2009 HR Magazine article reported that more employees are being forced to share hotel rooms with their colleagues when traveling for business. In fact, the article cites a Business Traveler survey that found 14% of employees said they now share a room with a colleague and overall, 24% of business travelers have had to share a room with a colleague at some point in their career. This forced room-sharing is another way companies are trying to cut back on hefty travel expenses, particularly in our flailing economy. But room-sharing often creates undo stress for someone who is away from...