Top 10: Corporate Housing & Real Estate Investors

10 Questions every realtor should be prepared to answer about corporate housing Part III of III If you’re a Realtor with an established real estate practice, chances are you have or will have a client who wants to buy an investment property. Helping these clients identify the right investment property is now in your hands. You don’t want to mess it up. What are you going to do? 8 – How do I price a corporate rental compared to a traditional rental? A corporate rental should be priced competitively for its market, location and seasonal appeal. To price a property, look...

Should You Raise Your Rental Rate?

Is it time to raise your rental rate? Read below to learn if your corporate housing rental property is priced right… hint, assess your property regularly against the competition. Read more below… As a do-it-yourself corporate housing landlord, you may wonder how your rental fees compare to comps in your area. The housing and rental markets are rapidly changing, so it’s important to assess your rates at least quarterly to make sure it’s on par with the pack. Remember, your rental rate should have nothing to do with your costs. Rather, your rate should be determined by the fair...

New York Occupancy Tax Update

(Reuters) – A New York City occupancy tax on hotel-booking companies, such as Expedia Inc, was ruled constitutional by New York state’s highest court on Thursday, the latest development in a legal battle playing out nationwide. In a 5-2 decision, the New York Court of Appeals upheld the law which imposes a 6 percent occupancy tax on “online travel intermediaries.” Sites such as Expedia Inc, Priceline.com Inc, Orbitz Worldwide Inc and Hotels.com allow customers to book hotel rooms online, often at a discounted rate. The court rejected the companies’ claim that the city did not have the right to...