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

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 new investors entering the real estate investment market.
  • Only 40% of respondents ​say they’ve been furnished landlords for five years or more.

In last year’s annual report, we predicted that if interest rates remained stable in 2017, we should see a “possible increase in new investors who are willing to enter the real estate investment market.” Not surprising that prediction was correct. We saw new investors entering the corporate housing real estate market at a year over year increase of 5%,​ our highest increase ever.

Years as a Corporate Housing Landlord

 

Reason for Being a Corporate Housing Landlord

Reason for Being a Corporate Housing Landlord

Once again, the majority of respondents tell us they are landlords for investment purposes​. This year at an all-time high of 60%​. The “other reason we’re a landlord” category continues to be as “partial landlords.” We define “partial landlords” as property owners who have a  fully functional, stand-alone guest house or apartment suite on the same site as their primary residence. Traditionally, this may have been referred to as an in-law apartment. (Please note, this is different than the “shared space” where property owners rent out a room within their residence, sharing the same space as their renter.)Reason for Being a Corporate Housing LandlordTo learn more about this topic and other results, view the CHBO annual report.

To view Historical Reports, visit here.

 

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.

Corporate Housing Annual Survey – Complete for a chance to win a $100 Amex Gift Card

Corporate Housing is not part of the share economy and CHBO has the data to prove it. CHBO Launches 7th Annual CHBO Corporate Housing Real Estate Survey

Everyone who completes corporate housing annual survey will be entered to win a $100 Amazon.com gift card!

Corporate Housing Annual Survey

Length:

8 Topics, Approximately 5-10 MinutesLength of corporate housing annual survey
(General, Property, Rental, Renters, Property Management, Pets, Marketing, Corporate Housing)

Purpose:

Make you a more successful landlord by giving you the data you need to best market and manage your rental properties.

Report:

You will receive a FREE pdf copy of the completed report by January 15th 2016. We will send this to you via email.  

Historical Reports:

View 2014 Report Now or to view previous reports go to the Documents in your MyCHBO account or you can purchase a printed copy on Amazon.com.

Property:

Please complete one survey for EACH property.

Who should complete this survey:

Property owners or managers of corporate housing rentals.

Why should I complete this survey:

(1) Receive useful information about my lodging segment
(2) Receive useful information about promoting my property
(3) Receive data to make me more successful
(4) Improve the recognition of the Corporate Housing Lodging Industry
(5) Learn how to get more tenants
(6) Learn about real estate investment trends

Confidentiality: The data provided in this survey will be kept confidential. We will not share your individual data with anyone. We will not share your email. The only email you will receive from us will contain your free copy of the Annual Report, and occasional invitations to participate in future research of this type.

Questions: Call 877.333.2426 or email Support@MyCHBO.com

Thank You: As a thank you for your time you can also earn a FREE one month ‘sponsored listing’ credit for your CHBO account. Find instructions towards the end of the survey. Also, entry to win a $100 AMEX gift card.

Thank you for taking the time to share your feedback. We look forward to providing you with useful information.

CHBO is a marketing and educational website that connects individual property owners, property managers and corporate housing companies with highly desirable segments of the traveling public both domestically and internationally.

Also watch for our new book coming out soon… Making Money with Rental Properties by Kimberly Smith (co-founder of CHBO).