Corporate housing Update

Corporate Relocation Data Updates

It’s that time again, and those eager to make the most of their participation in the CHBO Certified Program will want to have key points about the whole corporate rental market. A good source and one we turn to time and again is the annual Corporate Housing Provider’s Association report, and in a previous assessment of it, we looked at the topic of relocation specifically. Let’s do that again and gauge any recent changes, and how those might affect clients considering the use of the CHBO Certified Program for standard corporate rental options and relocations. First and foremost was...

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Three Ways to Prepare Your Short Term Rental for Severe Weather

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...

Tax return for Corporate Housing

Business-wise: How Will the IRS Treat Your Corporate Housing?

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...

Real estate rentals from CHBO

How to Choose a Location for Your Furnished Corporate Rental

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...

CHBO Corporate Rentals

Property Spotlight: Roswell Corporate Housing is Topped by the “Fontainebleau Estate Guest House”

The story of this long-loved corporate rental is told best by the happy guests that have graced it. Luxury and value intersect here, just twenty-five minutes from downtown Atlanta in the historic town of Roswell. A gorgeous estate styled as a French Chateau, the two bedrooms and one bath guesthouse stretch out over 2,140 square foot in a one-of-a-kind guesthouse with equally impressive service. Enjoy Historic Georgia from this Luxury Corporate Rental in Roswell This city of 90,000 is one of the most historic and culturally significant cities in Georgia. Founded by a slave holding founder of a cotton mill...

Help! I Need Temporary Housing Fast!

Help! I Need Temporary Housing Fast!   Corporate relocations can be stressful, to say the least. In as little as eight weeks you may be asked to uproot your entire life in favor of greener pastures. One of the first items on your agenda may be to list and sell your current home. It’s a huge relief to get that financial burden out of the way and focus on housing in your upcoming new location. But some markets and/or some homes are so hot that before you know it, you’ve sold your home days, weeks, or months before you...

Millennial Magnet Cities

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”...

The Value of Corporate Housing by CHPA

Never underestimate the true economic value of corporate housing! In our ever changing world of hospitality choices it is easy to blur the lines from one lodging solution to the next. However as a lodging consumer or regulator it is vital to understand the differences so the sins of one product are not inadvertently applied to the wrong industry. CHPA, The Corporate Housing Providers Association is working diligently to better educated everyone on the differences and benefits of professionally managed business corporate housing rentals vs other rental options found in today’s share economy. Please help spread the word of the importance of professional corporate housing. The following...

Facts: Corporate Relocation Trends and Workforce Mobility

Did you happen to catch the most recent Mobility Magazine? As relocation continues to be the number one reason people need to stay in corporate housing it is always a good idea to watch the numbers, see the trends and know what is going on.   Why? Really it is simple: Need + Mobility = Corporate Housing Renter Understanding Relocation Trends and Workforce Mobility Annually Weichert Relocation does a Mobility Survey and they asked “What external factors are driving the demand for a more agile workforce.” This is how the corporations surveyed responded: 78% Talent Shortage 62% Competitive Nature of...

Corporate Housing: Who, What, Where & Why #6

What makes a successful corporate housing provider? What makes a successful Corporate Housing Renter? Where is the corporate housing industry going? Why do people use corporate housing? Who provides corporate housing? Should I pay or charge a security deposit? What about pets? How do I find a corporate housing rentals? Your information is essential to assure together we are all more successful – if you own or manage corporate housing rentals please take a minute and complete the 2014 Corporate Housing Survey and get qualified to win an IPad Air!   What we learned from last year’s Corporate Housing Survey...