Major baseball league

Why Corporate Housing is the Ultimate Option for Major League Baseball Spring Training

With spring just on the horizon, it’s time to start thinking about the Major League Baseball season which is coming up soon. This is the perfect time to start looking for corporate housing, whether you’re a baseball player or a fan who is heading to Arizona, Phoenix, Tucson, or Central Florida to enjoy Spring Training. There are tons of perks to choosing this type of housing solution, which we’ll outline below for you....

Corporate Landlord

What Corporate Rental Landlords Need to Know About the Fair Housing Act

If you are about to invest in corporate rentals and executive rentals, or you already own them and wish to be in full agreement with federal laws, you need to be aware of the Fair Housing Act. It is legislation dating back to 1968 and it “prohibits housing discrimination based on race, color, religion, national origin, sex, disability and familial status”. It applies to corporate rentals as much as it does to standard housing options, and that means you have to pay attention to it when listing and renting your executive rentals, too. How would you have (inadvertently) violated...

Trends: Investing in More Corporate Housing Real Estate

The answer is “Yes.” Question: “As a real estate broker does it make sense to learn more about corporate housing real estate investing.” Why: “Because the survey says people want to buy more!” If you believe in human evolution you want to believe we continue to do what works and we stop doing those things that do not work.  So it is important to know what current corporate housing real estate landlords plan to do in the future because this will give us the best picture of their current satisfaction. Spoiler Alert: Yes, Corporate Housing Real Estate Landlords plan...

Trends: Reason for Being a Corporate Housing Landlord

I am sure by now you have all read my book “Idiot’s Guide: Making Money with Rental Properties.” 🙂 Well my first book pitch was actually the “What if… Real Estate Guide.”   I mean, I like to believe everything in life is predictable, but life has taught me that it is not.  In fact one of my favorite things about CHBO over the past 10 years of helping property owners is that our platform gives them options when life is unpredictable. The thought behind my “What if” idea is that life changes and often our real estate investments...

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...

Corporate Housing Landlord Responsibility: Part III of III

What state do you live in? Do you have a Carbon Monoxide Detector? Are you breaking the law? Carbon Monoxide Detectors – Individual states are starting to pass new landlord laws that require corporate housing landlords to install and maintain carbon monoxide detectors, and may enter the corporate rental for the purposes of installing, repairing, and testing. Tenants are responsible for notifying the landlord if the device becomes inoperable. As of January 2010 24 states have enacted laws regarding carbon monoxide detectors or smoke alarms: Alaska, Connecticut, Florida, Georgia, Illinois, Indiana, Maine, Maryland, Massachusetts, Michigan, Montana, New Hampshire, New Jersey, New...

Corporate Housing Landlord Responsibility: Part II of III

Megan’s Law: Protect yourself, your tenants and your neighborhood – As a corporate housing landlord make safety a priority! Megan’s Law disclosure Passed in 1996 is a federal law that requires a list of registered sex offenders be made available to the public. In addition some states have their own Megan’s Law, which may require that law enforcement actively notify the public of the presence of registered sex offenders. Generally landlords are not required to provide information on a known sex offenders to potential tenants, you can avoid possible liability by including resources for these lists. As a rule, most...

Corporate Housing Landlord Responsibility: Part I of III

You could be breaking the law and subject to a fine or lawsuit if you don’t know about Lead Based Paint disclosure requirements: Lead based paint disclosure – If your corporate property was built prior to 1978 then Federal Law requires that you notify tenants prior to arrival of any possible problems with lead paint in the property. This law requires that potential renters of housing built prior to 1978 receive certain information about lead and lead hazards in the residence prior to becoming obligated to rent, and provides the opportunity for an independent lead inspection for buyers. Corporate Housing Landlords...

Is Corporate Housing Landlording a Positive and Profitable Experience?

Here’s another key finding from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends. Since starting the “By Owner” survey three years ago, we have added several questions along the way. The 2011 survey asked property owners to think about what they think the future holds in terms of their outlook and profitability as a corporate housing landlord. We learned that 37.6% of corporate housing landlords say they believe 2012 will be a more profitable...