Are High Cost Vacation Rentals Profitable for Owners?

Corporate Housing Rentals

If you have perused the different listings for professional and/or vacation rentals on CHBO and wondered if this was a good enterprise to enter into yourself, you probably have many questions. Let’s spend some time looking at one of the biggest – whether or not they are authentically profitable.

In a recent article about the profitability of vacation rentals, the author posed one very significant question, which is this: “Those who live near the shore often hear rumors about the piles of money that vacation rentals bring in. ‘The summer months’ rental income pays for the entire year’s mortgage,’ folks will say. That may be true, but what about the rest of the expenses?

Hoarding Situations and Short-Term Apartments

short term apartments for rent

It might seem entirely impossible for tenants in short term apartment rentals to create a hoarding situation, but it is far more common than you might know. One organization has determined that hoarding disorders affect up to 15 million people, and that it is an endless behavior. This means that property managers of short term apartments must take the matter seriously and make plans to address the issue if it arises.

How? There are some obvious warning signs for longer term rentals, such as a year without a single maintenance call, but even short-term apartment rentals can provide a few clues that a problem is present.

Apartments for rent

As a property manager, you will want to pay attention to the amount of garbage each tenant tosses on a weekly or bi-weekly basis. If you notice almost no trash from a renter, it may be a sign of hoarding. Odd odors are another indicator that a hoarding situation is present, and ignored efforts to get in touch is also another red flag.

If you are in charge of short term apartments, you can address the situation with diplomacy as this usually creates the best results. Because it is a disorder, you want to hold off on immediate eviction if you discover it has occurred. Instead, consult with an attorney, insert clauses that allow for spot inspections in all rentals and train any staff to be alert to this risk with any and all rentals. Remember that regular inspections as part of a rental arrangement can be the best approach to preventing hoarding in the first place.

Property Spotlight: A Shining Beacon in Maine Corporate Housing

A Shining Beacon in Maine Corporate Housing

Today’s spotlight furnished rental is the very definition of tranquility and relaxation. This lovingly preserved, multi-tier gabled colonial farmhouse sits amidst a sea of green fields, apple trees, and horse pastures in rural Durham, Maine. This gorgeous pastoral country is the setting for this classic 1830’s three-bedroom, two bath farm home, CHBO Certified and ready for your corporate retreat or extended stay.

Just listen to this happy client: “Pictures, reviews and ratings, all wonderful, do the Thanksgiving Farm an injustice. The place and people scored off the charts for us!!! We can’t recommend it highly enough. Thanks!” Galen, October 2017

The Economy Here is More than “Maine-ly” Lobster

Maine Lobsters are the world’s most famous crustacean and a luxury food that’s made the state’s seafood producers famous. Up on land, poultry, eggs, cattle and potatoes star, but it’s manufacturing of health care products and paper and wood products that drives this economy the most. Health care is highlighted by Maine Medical, Mercy, Mid Coast Regional, Central Maine Medical, and St. Mary’s Regional Hospital. A few major firms call Maine home: Fairchild Semiconductor, IDEXX Laboratories, and outdoor clothing retailer L.L. Bean. Portland, just thirty minutes from this idyllic farmhouse, is growth-focused and supports a strong business culture of small to mid-size companies. The downtown district in Portland, and the Old Port historical area, provides many business opportunities for residents and visitors. The Jackson Laboratory, is the world’s largest mammalian genetic research facility, and calls Maine home. This could be due to the ample number of higher learning institutions like Bowdoin, Bates, Colby, the University of Maine, and the University of New England.

See Rural “Nor-Easter” Charm from this Maine Short-Term Rental

You’ll enjoy the calm and tranquility of home here, and when its time to get out and see more this state, Portland is a great place to explore. Breweries like The Maine Brew Bus, Shipyard Brewery, and Allagash Brewery provide suds to go with surf. Shore access means fishing charters, paddle boarding, and cycling along the coast. Commercial Street, Congress Street, and Market Street are replete with waterfront shops and cafes to peruse. Art lovers can visit the Portland Museum of Art, sports fans can catch minor league baseball at Hadlock Stadium, home of the Double-A Sea Dogs, a Red Sox affiliate.

corporate housing society

If You are Fishing for Luxury Corporate Rentals in Maine, You Caught a Beauty

We were very excited to find a house which seemed very nice on a horse farm…When we arrived, we were very happy to see that the house was even better than the photos….it is obvious that the owners have put a great deal of time and effort into restoring this beautiful property. We were even more impressed by how kind and friendly the owners are….”

The reviews say it all. This beautifully preserved and maintained classic 1830’s farmhouse with modern upgrades located on a horse farm with three Icelandic horses cared for by the owners. It’s CHBO Certified, so you know it’s fully furnished and appointed with top-end furnishings so all you need to do is pull in to the two-car attached garage and come in via the mudroom, put down your luggage and feel at home.

It was comfortable and spotless, all the comforts of an inviting home. The setting is beautiful – apple trees and horses and wide-open fields. We only wished we were there longer.”

corporate housing society

Enjoy a sunny eat-in kitchen with spacious central island and farmhouse sink, a washer and dryer alcove, Hearthstone wood stove and bucolic views of the courtyard and verdant gardens, pastures and stone walls. The cozy living room features a fireplace and baby grand piano. A dinner party is a must here with an elegant dining room seating up to eight lucky guests. Upstairs, three spacious bedrooms await, sleeping up to six. The master bedroom suite includes a king bed, there’s a garden view bedroom with a queen bed, while the third bedroom has two twin beds perfect for the kids, or could easily serve as an in-house office thanks to a desk and a gas stove. Bathrooms on both floors here include heated tile floors, large custom shower and a double faucet farm sink.

“The house was great and even better than expected, very clean with everything you could ever need, especially if you expect to cook. Barbara and Jim also gave us great recommendations on what to see and where to eat in the area. We even got some nice recipes and got to pick some apples from the tree in the back. The horses were amazing to see in-person and Barbara will teach you all about them if you have any questions (like we did). They’re very well behaved and we even got to pet them! Overall it was an amazing stay and we’ll be sure to come back if we’re ever in the area!”

corporate housing society

The owners, Barbara and Jim, live on the neighboring property. Maine Corporate Housing doesn’t get better than this. Be sure to call them at +1 (207) 650-3169 today before your miss your chance to relax at this beautiful farm house during your stay in Maine!