CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
You want your corporate housing rental system to be as simple as possible, and so too do your renters. Yet, you cannot take any shortcuts with your corporate housing rental documents because it is the most significant and important document you will use. It will include all of the terms, rules, legal issues, and financial details relating to the rental of the property....
Are you eager to learn about investment options with big potential? If so, you have already heard about corporate housing, no doubt. There is much to know about it, though, and you’ll want to have the right questions (or answers) from your realtor in order to make a good choice. Let’s start with the basics – what is it? Your realtor should tell you that it can be a serviced apartment that is privately owned or part of a larger building also owned by a group or other entity. It might also be managed corporate housing that are typically...
Home ownership can be a gamble. Forces beyond your control can have a strong effect on the value of your home. Economic trends, climate change, corporate relocations, your neighbors; there’s a hundred possibilities that can improve or harm your home value. But that’s true of many investments, and historically real estate has been a good place to spend your investment money. Nowhere has it a better roll of the dice in 2017 than in these red hot real estate markets. In markets like these, people are increasingly turning to corporate rentals to find great high-quality housing options. Seattle, Washington ...
What are Corporate Housing Renters Really Looking for in a Rental Kitchen? Do you have favorite CHBO Corporate Rental Properties? I know for me one of the dangers of working for CHBO is that I get to see so many amazing rental properties I am always driving my family crazy with new property upgrade ideas for our own home. Take a look at CHBO rental 12084 – Furnished Home in Mill Valley, CA. I mean who wouldn’t want to have the opportunity to live in this amazing property just outside of San Francisco? Let us know which...
How to Design a Corporate Rental Property that is a Must Have Place to Live: 5 DIY Kitchen Sinks to Consider for Your Corporate Home Style Life is really too short not to have fun or live in a property that is not fun. As consumers we are conditioned to take what we can get, rather than asking for what we want. If you are a property owner with a rental property, take a little time and money upfront to design a “Must Have” rental. Then, take great photos, so potential renters can see all your hard work, and...
Did you happen to catch the most recent Mobility Magazine? As relocation continues to be the number one reason people need to stay in corporate housing it is always a good idea to watch the numbers, see the trends and know what is going on. Why? Really it is simple: Need + Mobility = Corporate Housing Renter Understanding Relocation Trends and Workforce Mobility Annually Weichert Relocation does a Mobility Survey and they asked “What external factors are driving the demand for a more agile workforce.” This is how the corporations surveyed responded: 78% Talent Shortage 62% Competitive Nature of...
Here at CHBO we get a lot of questions from property owners about what does a great Corporate Tenant expect from my property. The truth is they expect a lot! To be a great corporate housing landlord you need to understand what the tenant expects, communicate what they should expect from your property and then meet or exceed those expectations. Setting and meeting expectation will ensure all of your corporate housing tenants are satisfied with their rental experience and will give your property a great review making it easier for you to connect with that next great corporate housing tenant....
Nothing will cause you to lose money with your rental property than having a bad tenant or a professional scammer in the property. I’ve been in the property management field long enough to know red flags and rental scams when I see them. You know, the tenant calls you and your gut just tells you something just doesn’t feel right. In my experience, here are some red flags every corporate housing landlord should be on the look out for: A tenant who doesn’t want to complete the rental application. Every tenant should complete the rental application with a few...
6 MUST Knows before investing in a Corporate Housing Rental Property! If you’ve decided investing in corporate housing is right for you, here are some important considerations to make before you purchase a property specifically for use as a corporate housing rental. Evaluate Price per Square Foot Evaluate price per bed, not price per square foot. While some people think more space or a bonus room are great perks for a home they are going to live in, keep in mind that it’s just added liability for a home you plan to rent. Purchase the smallest square footage with the most...
Have you ever walked into a corporate rental or a hotel room and can’t figure out how to turn the lights on? There is nothing more frustrating than needing to read a report for the big meeting the next day and there is no location in the corporate property with the right lighting to read by. At CHBO we work with a lot of property owners and it is essential that ever property have the right photos with the right lighting if they are going to attract the right renter. This week we thought sharing the ideas of a...