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....

Independent Corporate Housing Real Estate Segment: Outlook & Profitability

About the Independent Corporate Housing Real Estate Segment: Outlook & Profitability

Outlook & Profitability 2018 is the highest year with ​96% of participants stating their property was either profitable (76%) or breakeven (19%)​. Only 4% of owners said their property was unprofitable. Based on the fact that more owners than ever purchase a property as an investment and the steady increase, 2018 being the all time high, we believe our property owners are achieving satisfactory returns from r their investment properties....

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 rental income $2.48 Billion

The annual Corporate Housing Industry Report is out for 2013. The entire report with specific Data on 50 US cities and 5 Canadian Cities can be purchased from The Highland Group for $495 2014 Corporate Housing Industry Report. Overall, the corporate housing industry remains stable. Highlights include: US corporate housing revenues were $2.48 billion in 2013, down slightly from $2.45 billion. Per survey respondents, US corporate housing inventory is estimated at over 56,000 rental units, with the Canadian market at approximately 7,600 rental units. Occupancy in the United States was down slightly to 88.1%, while Canadian providers saw occupancy decline...