So, you’ve found the perfect furnished short term rental property and you’re ready to make it your own? Before you jump in and start enjoying that corporate housing, it’s a good idea to ask a few questions. You want to be sure that you know exactly what you are getting into first!...
Weather can be unpredictable. Recent hurricanes and flood events in the Caribbean, Florida, Louisiana, and Texas have shown that, as did the tragic fires in Northern California. Your corporate rental is a major investment that you want to protect. Having homeowners insurance should be a given, as well as flood insurance in low-lying areas requiring you to be covered. Beyond insurance there are other ways you can not only prepare your home but also protect yourself from income lost to severe weather that prevents a tenant’s stay. Here are three ways you can prepare your short-term rental for severe...
There are different reasons people invest in real estate rentals. It may be your primary residence, vacation home, or a pure rental property. You may be renting your primary residence or a portion of it, or a vacation home that you use with different frequencies. Whatever the case, Ben Franklin said, “The only two things certain in life are death and taxes.” So, if you’re renting within the Unites States and you pay U.S. federal taxes, you should be ready and prepare for them. April 15th will be here before you know it, so with that in mind let’s...
Welcome to the world of Corporate Rental! Excited to become a corporate landlord? Not sure how to start? Let’s look at some things to know before you take the plunge. Flexible? Where to Buy Your New Executive Rental If you’re able to buy anywhere, you should think about these factors. First, what areas or cities are growing economically? Where do people need luxury rentals? Project work and corporate relocation are main reasons tenants look for short-term housing. So is the temporary need for medical expertise or a long-term shortage of it. Do some research into areas where these situations...
By now, most consumers know that it is a “renter’s market” much more than a “buyer’s market”. Now here is this more prevalent than among millenials (those born between 1982 and 2004). According to RealtorMag.com, their rates of homeownership plunged “from 40 percent in 2006 to 32 percent in 2015”. Yet, there are still many parts of the country where millenials actually represent the larger percentage of buyers rather than renters. For example, Elk Grove, CA is a city in which millenials have about 60% of the market share in terms of home buying. Where are the millennial “magnet”...
This is why Corporate Housing Landlord are more successful than Vacation Rental Landlords Here at CHBO we are all about the Business Traveler but our world does include a lot of other travelers: Like us!...
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...