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Corporate Rental Property
September 30, 2019 1 Comment

Tips for Corporate Rental Property Retention to Start the Year Off Right

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....

Property manager for rentals
September 9, 2019 Post a Comment

Annually How Much Do You Spend for the Management of Your Property?

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....

Beach surfers at Hawaii
September 2, 2019 Post a Comment

Top 5 tips for your accommodations during your temporary assignment or relocation to Hawaii

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....

Corporate Housing survey
August 19, 2019 Post a Comment

What is the Annual Occupancy Rate for Your Corporate Rentals?

Do you offer furnished housing for corporate guests? Have you ever sat down to think about how often you have an occupant in the provided corporate rental apartment? As of 2016, CHBO has been asking questions about this exact thing on the annual corporate housing real estate report. We’ll share the results below so you can get an idea of how your own homes stack up....

Corporate Housing Cancellation Policy
August 12, 2019 Post a Comment

Is a Cancellation Policy Necessary for Short Term Rentals? Do You Have One?

If someone has booked a stay at one of your corporate properties and then later needs to cancel their trip, you are capable of setting up a corporate housing cancellation policy. When you do this, a certain percentage of your already obtained payment will be sent back to the person who cancels. However, not all circumstances are the same, so the percentage sent back depends upon how much the visitor has paid, not the entire amount of the reservation....

Corporate housing in Atlanta
July 15, 2019 Post a Comment

A Fantastic Opportunity for CHBO Owners in Atlanta

If you have a rental property listing in Atlanta, Georgia or in the nearby area, we have a great opportunity to share with you. This year, hundreds of people will be flooding into town and the nearby area looking for short-term rental properties and other housing while the Masters Tournament is taking place in Augusta....

Weather-Related Risks to Your Corporate Rental Home
July 1, 2019 Post a Comment

Five Unexpected Weather-Related Risks to Your Corporate Rental Home

Exposing a few of the hidden tricks up Mother Nature’s sleeve When considering insurance for your rental homes, you’re likely concerned about coverage for natural disasters. It’s important to know that some of the most common (and costly) home insurance claims aren’t from the disasters you might suspect, like hurricanes, floods, or earthquakes. Keep the following unexpected weather-related risks in mind when selecting your policy, so that you can be better prepared in the long run....