Corporate Housing: Rental Rate Increase

From time to time I always think it is important to pause in our crazy life of corporate housing to better understand the big picture and how we fit into it. I was recently helping market our new Managed Corporate Housing office: AvenueWest Phoenix and I know there is a big difference between the standard Serviced Corporate Apartments, Managed Corporate Housing and CHBO by Owner Corporate Housing but I was still really surprised at the positive reactions I had to the amazing rentals this office offers. Length of Stay: A lot of times when I am trying to describe the difference...

Annual Report: Corporate Properties

Corporate Properties Property Size / Number of Bedrooms. The highest percentage of “by owner” rentals continues to be two-bedrooms (38%). In addition, 29% of respondents say their rental corporate properties have three bedrooms or more. In contrast, in the full-service, corporate housing industry, the majority of rentals are one-bedrooms. The availability of additional bedrooms makes the “by owner” corporate housing segment an attractive option to renters. Property Type. Whereas the majority of corporate rentals in the full-service corporate housing industry are apartments, only 12% of “by owner” rental properties are apartments, according to survey results. Single-family homes make up...

Annual Report: Corporate Property Management Trends

Corporate Property Management Trends: Property Management. 72% of respondents say they do all their corporate property management themselves, down from 80% in 2012 and 86% in 2011. Respondents also used property managers (11%) and friends and family (7%) to manage their properties. Property Management Software. Consistent with last year, the majority of respondents (56%) say they do not use any form of property management software to manage their rental properties. 21% use basic spreadsheets, followed by 17% who use accounting software, such as QuickBooks™. Rental Documents. We asked respondents, where did you get your rental documents (such as leases)? The...