CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
As the manager or leasing specialist of an apartment community, you spend your time working to decrease vacancies and increase occupancies in your apartments. This is a big job and sometimes you might wish you had help with it. CHBO can help you become more competitive, reduce office stress, and access services that your renters desire....
While you may not take the time to think about the gender of those who rent corporate condos, it’s worth being aware that female business travelers make up a huge share of the market. Based on data by Skift Research, these individuals control up to 60% of the wealth in the United States and influence a huge 85% of purchasing decisions. The women of today are social, high-tech, connected, and make up more than half of all online sales. That’s why it’s important that your marketing campaigns appeal to them....
Just because you offer corporate housing, it does not mean that you cannot fall victim to a property rental scam. There are several ways that owners can be “rooked” out of money, and it usually has to do with misrepresentation. This is one of the main reasons that we always advocate that property owners do their due diligence before allowing anyone to sign a lease and move in. One of the best resources for those who own corporate housing is a management company or firm that provides you with lots of resources for ensuring valid tenants....
CHBO has been a part of the corporate housing business for many years, which means we can offer with certainty the most commonly asked questions from property owners to their CHBO Property Specialists. They include: How should I price my corporate apartment? When should I negotiate my pricing? When should I hold firm on the asking price?...
Living in fully furnished apartments for rent can be convenient, but that convenience falls away if you are in a property where maintenance is not considered a priority. While things happen and sometimes delays can’t be helped, nobody should have to stay in insurance rentals where the landlord refuses to do required repairs for you. If you’re in this type of situation, there are a few things you can do next....
Something new is on the horizon and it is called corporate housing voice assistants. Synergy Global Housing is one of the first companies that is enabling adding voice assistants to their corporate rental furnishings suite of items. The smart apartment that is using this technology is doing so to offer a better level of customer service and technology for guests there on a short-term basis....
Back in 2011, a study by SatisFacts estimated that the average cost of turnover for a rental property was as high as $3,900. When you take into account days lost to repairs, vacancy, professional cleaning, standard maintenance, and marketing, the cost of turnover can leap to several months of income if the property was being rented. Working for lease renewal is a great option and something all corporate housing managers should have strategies in place for. We have three that can help you on that path....
Have you changed the rate you charge for your corporate housing in the last year? Maybe you haven’t thought about it or you’re waiting for a sign that it’s the right time to do so. Maybe you also increase your prices at the beginning of the year to make more money. Perhaps you aren’t sure whether you should change the price and want a bit more information first....
As a corporate housing property manager, there are certain requirements. You need to spend money to manage the property in order to bring in renters and offer them a space they want to come back to another time. However, most people want to spend the least amount possible so they can ensure a large profit at the end of the year. Having an understanding of how much other housing managers are spending can help you decide if you’re doing all you should or if you need to invest more heavily....
Determine the right accommodations to fit your needs If staying to 30+ days a furnished apartment or furnished home can make you stay more enjoyable and allow you to truly experience the unique culture of the island. Families will love a larger furnished home or if on your own a small condo or garden apartment footsteps from the beach might be best. Privately owned furnished properties offer a more unique living experience and allow you in to neighborhoods where hotels can not....