Is It Fully Furnished Apartments or Short Term Apartment Rentals for You?

Short Term Apartment Rentals

Anyone who has to consider corporate housing eventually runs into the question of fully furnished apartments versus short term apartment rentals. They sound the same but are not often all that similar, and if you’re in the market for a lucrative real estate investment, you have to determine which is the right one for your goals.

To figure out whether you should be sinking available capital into one or the other, look at the following questions:

Where?

Short Term Apartment Rentals

If your goal is to provide corporate housing, but you are torn between fully furnished apartments and short term apartment rentals, you have to start with the location.

While both fully furnished apartments and short term apartments are likely to attract attention, look at the market in your area now, see its level of competition and determine if you might gain an advantage offering one type over the other.

Savings?

While a fully furnished apartment seems like the ideal investment, saving you lots of up front expenses, will it? Look at that furniture and the appliances. Are they a draw or will they scare away renters due to poor conditions or plain unattractiveness.

Management?

Lastly, if you have no significant time to dedicate to the venture, the short term rentals actually make more sense. You have less frequent turnover as short-term renters typically stay longer than corporate clients on visits to fully furnished spaces.

Of course, any area in need of corporate rentals poses a good market for investment in real estate, and both models may work well for you!

Improve Corporate Housing With Tech Updates

Real estate property manager

Those who own corporate housing properties and short term apartments know that there are a lot of moving pieces involved. It is never just a matter of keeping properties booked and clients happy. There are matters such as upkeep and maintenance, cleaning, insurances, property management and more. This is why tech updates are one way to improve your corporate housing outcomes easily and efficiently.

Property management discussion

If you ask owners of short term apartments and corporate rentals, one thing that seems to constantly come up is the unpredictability of utility usage by a renter. One corporate client may use so little electricity or energy it seems as if they never arrived while others gobble up an entire household’s worth of energy. This can put a crimp in the bottom line, but tech advances can help.

There are now “smart home” options that can be just as effective for short term apartment rentals as everyday homes. They include:

  • Smart thermostats –Smart thermostats – Able to learn a tenant’s habits and needs, they save money by recognizing these patterns and shutting down when the home is unoccupied reducing costs. Adjustments can also be made remotely.
  • Energy monitoring – These apps are everywhere and can be used to monitor the rental property’s use of energy. Revealing consumption patterns can be a good way to work with renters to cut back on waste.
  • Smart lighting – Along with the internet connected appliances, doors and security, you can also have lighting that operates this way. Installing programmable switches, using motion sensing elements and that can be controlled by mobile devices allow lighting costs to be significantly reduced.

With just these tech updates, you can begin to reduce energy consumption that improve your bottom line.

Property Spotlight: Two Capital Corporate Apartments in Our Nation’s Capital, Washington D.C.

“Capitol Hill” is more than just another word for Congress. It’s one of Washington D.C.’s oldest and most popular suburbs, a historic district featuring landmarks like the US Capitol Building, the Senate and House Office Buildings, the Supreme Court, the Library of Congress, the Marine Barracks, the Washington Navy Yard, and the Congressional Cemetery. The residential areas astride the wide avenues of Capitol Hill consist of row houses, Federal townhomes and other classic 19th century homes. Today’s spotlight focuses on a pair of elegant, bright basement apartments in row houses within walking distance of the Capitol. Both managed by the same outstanding owner, these apartments match the colonial era architecture and décor of their surrounds.

Corporate Housing

Our Judgment is For This Luxury Rental

Our first property is a roomy 950-square-foot luxury apartment along a tree-lined Capitol Hill street. This comfortable home is well reviewed by previous tenants and it’s no wonder. The paneled wainscoting, hardwood floors, oriental carpets, and spotlighting leave no doubt that this is a high-end destination in the heart of D.C. Professional interior design begins in the front hall, where colorful floral décor contrasts beautifully with the pastel yellow of the corridor. The living room features a decorative fireplace and a wall-mounted LCD smart TV above with an articulating arm so you can position it however you like. Enjoy your favorite shows via Netflix, Amazon, YouTube, or Comcast Premium cable. High-speed Wi-Fi assures you’ll have a clear picture and fast Internet. There’s plenty of seating for guests in this elegant space, including a sleeper sofa.

Corporate Housing

The double French doors can close off the connected den and dining room, consisting of a six seat solid wood table and chairs and a living room armchair seating area, where you can curl up with a good book or have a post-dinner drink. There is a convenient built-in desk in the den. The kitchen is appointed with stainless steel appliances that include a five-burner gas range, cabinet mounted microwave, and a toaster oven and other small appliances together with all the cooking equipment and utensils you could need. A breakfast bar makes in-kitchen dining a treat.

Corporate Housing

The master bedroom suite includes a Queen bed and dresser of matching dark solid wood frame, and a settee for enjoying the TV. The bathroom is equipped with a large walk-in tiled shower. A residential parking pass allows free street parking next to the home. An in-home washer and dryer or optional laundry service handle laundry day, but you’ll also benefit from once a month maid service.

We Second the Motion For Another Great Short Term Rental

Two entrances greet the guest to our second property, a roomy 950 square foot luxury apartment right on Capitol Street. An alarm system ensures security in this already safe area. Architect designed and appointed in traditional furnishings, the apartment mixes colonial designs with modern fixtures. Teak hardwood floors softened by oriental carpets coordinate with built-in teak bookcases spanning the living and dining room. The recessed spotlighting and chandeliers blend new and old beautifully. The living room features a massive plush sectional sofa astride the first of the home’s two LCD smart TVs. Enjoy your favorite shows via provided premium cable or via the high-speed Wi-Fi. There’s plenty of room for guests in this elegant space; a thirty-foot living room would be a great place to entertain. Double glass French doors lead to one of two patios and provide yet more natural light. Sun from the skylight also shines in on the room. You can cozy up to the fireplace with a book, or easily get some work done. Granite counters and stainless steel appliances that include a four burner gas range, cabinet mounted microwave, and a large Frigidaire refrigerator join all the cooking equipment and utensils you could need and a spacious walk-in food pantry. The master bedroom suite includes a Queen bed, walk-in closet, vanity dresser of matching dark solid wood frame, and an LCD HDTV. The full bathroom is equipped with a Jacuzzi whirlpool tub. A convenient residential parking pass allows free street parking next to the building. An in-home washer and dryer or the optional laundry service is here for your convenience and you’ll benefit from once a month maid service here too. There is a reverse osmosis water filter providing ultra clean water to you. Conveniently, if you have questions or need anything, the owner lives in the building, so you’ll get a quick response. Smoking and pets are not allowed.

Supreme Court Building

Take Two Furnished Apartments With “Supreme” Views

The owner, Steve, is a long time resident of Capitol Hill and always ready to help or answer your questions. Want to elect one of these great properties for your temporary assignment in Washington D.C.? Call him at 1-202-607-7292.

CHBO offers great properties like these for the   and every day. Check out these and other great furnished rentals today.