CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
The CHBO Corporate Housing Real Estate Report is an annual report that shows the results of surveys about rental data from 2019. The survey has been in place for more than a decade and offers an excellent way to find out what concerns are top on the minds of those who provide independent corporate housing solutions....
If you are someone who owns or operates corporate housing destinations, you probably have a million things you deal with on an average day. Everything can take up a whole lot of hours, from marketing to management and getting repairs taken care of while fielding emails from potential tenants. It can be a ton of work, and sometimes you might want a little help at your side....
Just because you offer corporate housing, it does not mean that you cannot fall victim to a property rental scam. There are several ways that owners can be “rooked” out of money, and it usually has to do with misrepresentation. This is one of the main reasons that we always advocate that property owners do their due diligence before allowing anyone to sign a lease and move in. One of the best resources for those who own corporate housing is a management company or firm that provides you with lots of resources for ensuring valid tenants....
Back in 2013, we did a brief investigation into the Latest Professional Athletes Corporate Homes for Sale and explored how often people in the sporting industry had to sell up and find temporary quarters until they could relocate permanently. Of course, many athletes get laid up by injury and have to quickly unload their real estate investments because of such a major career change, which presents an opportunity for the real estate investor....
Properties An essential difference between the full-servicecorporate housing industry and the independent corporate housing real estate segment is the size of property that is rented – and more specifically, the number of bedrooms. Corporate housing rentals in residential properties rented by private owners are generally larger, in both overall size and bedroom count, than the typical, business-to-business lodging options provided by full-service corporate housing companies....
As many people who own furnished housing rentals understand, the relationship between themselves and renters can be tricky if things go wrong. That is why anyone with luxury furnished apartments (as well as those renting them) are advised to understand their rights as renter or landlord. There are some basic rules that apply to furnished housing rentals and all other rentals. As an example, federal laws protect anyone from civil rights violations where housing is concerned. What that means is simple: You cannot refuse to rent luxury furnished apartments to interested parties based on their race, nationality, gender, religion,...
Did you know that the pet supplies industry is in the billions of dollars every year? In fact, many pet owners say they are likely to shop for presents for pets when they are away in addition to picking up gifts for human family members. That is why there are now so many pet friendly apartments for travelers to rent. Of course, housing statistics also prove that millenials are now buying homes more and more because they want to be able to live with pets and have room for pets to roam. That too means that any pet friendly...
There are many reasons that travelers make extended stays in specific cities or regions. Though many might experience a “knee jerk reaction” of thinking about booking their stay in some sort of hotel or property designed for extended stays, many are reconsidering. Instead, the ever-increasing trend is toward booking stays in CBHO or corporate housing by owner properties. There are many reasons, and these include: Hotels and extended stays are typically far more expensive. Most extended stays are designed for convenience and for business travelers only, this can make them extremely cold, generic and very uncomfortable. For example, imagine...
As a property owner, you already know that insurance is a must have item. It is what guarantees you will not suffer a financial loss on your property, but it can also offer you a great deal more. This is particularly true if you offer fully furnished apartments for rent and if you work with a property management company. Why? To begin with, furnished housing opens up a few liabilities. There is the risk that the items you supply are damaged, destroyed or lost and you need coverage that prevents your profit margin from evaporating should you need to...
When people travel for work, there’s often a stressful reason behind it. For example, it could be for an important project, relocation, training assignment, or a medical professional or professor bringing a particular expertise. Small wonder then, that tenants looking for their own short-term housing tend to look for the least stressful option. They want something close to work, with the amenities they need and convenient shopping. For corporate renters, it’s even more important, then, to create a relaxing environment that not only meets their needs, it exceeds them. And in a market with significant competition, the little things...