RealtyTimes talks about Corporate Housing

Welcome to Friday! There is something extra nice about waking up and knowing it is the last day of the work week and extra nice to open my email and read RealtyTimes and see Corporate Housing in the headlines. Take a look and see what real estate expert and reporter Ken Harney says about CHBO. Kenneth R. Harney writes an award-winning, nationally-syndicated column on housing and real estate from Washington, D.C. He is also managing director of the National Real Estate Development Center, a professional education company. He is a past member of the Federal Reserve Board’s Consumer Advisory...

Rental Demand Trends I am Watching

I thought you might like to know about some of the new trends I am seeing in Corporate Housing demand. For the last few years large major business relocations really made it easy to find high paying corporate tenants however with the downturn in the real estate market it is hard to sell homes and corporations are watching what they spend. What does this mean for corporate housing? Are there new trends for corporate housing users? YES! You bet! Two new trends I have been watching this week are (1) Inner State Relo and (2)Home Renovations. (1) Inner State...

The Kitchen Sink – What does it cost to furnish a corporate kitchen?

Furnishing a kitchen in a corporate rental can be a tedious task. You need to have everything ready and available from a potato peeler and cheese grater to a salad bowl and cutting board. A good way to cut your costs and save time is to order a standard Kitchen Kit offered through CHBO. It has everything you need to furnish a kitchen and is delivered on a single day in about 2-3 boxes depending on size of kitchen. The cost is about $407.33 for a kitchen in a standard one bedroom property. Buying the Kitchen Kit offers several...

Assessing a Property: Is It Fit to be a Corporate Housing Rental?

Our article about investing in corporate housing discussed the financial aspects of investing in a corporate housing rental property. Now I’d like to address some important considerations to make when purchasing a property specifically for use as a corporate housing rental. Price per bed not price per square footage. While some people think more space or a bonus room are great perks for a home they are going to live in, keep in mind that it’s just added liability for a home you plan to rent. Purchase the smallest square footage with the most number of bedrooms, because, like...

How to Write a Property Listing that Gets READ!

Often, the first contact a potential tenant has with you is through a written advertisement for your property, be it online or in print. This first impression is exceedingly important in attracting numerous quality tenants. The most important factors in writing a good copy are: 1. The first word or two of the ad is the most important. It must catch the reader’s eye and entice them to read more. Words like “clean,” “large,” “quiet,” and, “new” are all good examples. 2. Find out if your newspaper lists classifieds alphabetically. If this is the case, you may want your...

Denver Homeowner Rents Out Furnished Home for $1,000 More than Expected!

When Angela Crowley had the opportunity to relocate overseas for business, she began evaluating the option of selling her fully furnished Denver home. With the real estate market in shambles and Crowley not quite ready to give up Denver for good (she planned to live in Denver for part of the year), a real estate expert recommended she rent out the home as an executive rental. After a rental agent listed her home for rent for three months (and after lowering the price three times), she decided to take matters into her own hands. After searching around online while...