It might seem entirely impossible for tenants in short term apartment rentals to create a hoarding situation, but it is far more common than you might know. One organization has determined that hoarding disorders affect up to 15 million people, and that it is an endless behavior. This means that property managers of short term apartments must take the matter seriously and make plans to address the issue if it arises.
How? There are some obvious warning signs for longer term rentals, such as a year without a single maintenance call, but even short-term apartment rentals can provide a few clues that a problem is present.
As a property manager, you will want to pay attention to the amount of garbage each tenant tosses on a weekly or bi-weekly basis. If you notice almost no trash from a renter, it may be a sign of hoarding. Odd odors are another indicator that a hoarding situation is present, and ignored efforts to get in touch is also another red flag.
If you are in charge of short term apartments, you can address the situation with diplomacy as this usually creates the best results. Because it is a disorder, you want to hold off on immediate eviction if you discover it has occurred. Instead, consult with an attorney, insert clauses that allow for spot inspections in all rentals and train any staff to be alert to this risk with any and all rentals. Remember that regular inspections as part of a rental arrangement can be the best approach to preventing hoarding in the first place.
Are you heading to the “Big Easy”? Whether it is for business, a lengthy holiday or any other reason, you may want to consider New Orleans corporate housing rather than a traditional hotel or business accommodation.
Why? Well, short term apartments in a city like New Orleans guarantee you get to savor the many amazing cultural delights that make it so unique. In a typical business hotel or other form of executive or corporate temporary housing, you are often located outside of the best neighborhoods for experiencing the city.
Additionally, it is typically one of the most financially savvy ways to stay in the city. Whether you are involved in the city’s burgeoning industry segments like oil, entertainment or medicine, or you are an entertainer, contractor or other professional, opting for one of the many short term apartments means a lower total cost.
Of course, another good reason to look at alternative forms of temporary housing in New Orleans is to support property owners in the many fascinating districts and neighborhoods. New Orleans is a city that has faced a lot of challenges in the past decade due to extremes of weather. Supporting the many property owners by using a corporate rental is a great way to ensure New Orleans retains its stunning and unique character.
If you own a home in the city and feel it could be a good choice for those seeking corporate housing in New Orleans, now is a great time to get it ready for guests and get it listed on the marketplace.
If you are already looking to rent an apartment with furniture as a short term rental or corporate rental, you might already have taken steps to get it into the marketplace and arrange for management. Did you know that there are also a few rules that can almost guarantee the property is more profitable?
There are, so let’s take a few moments to consider the most important of them:
- Since you rent an apartment with furniture, it is of the utmost importance that you ensure it is prepared in the most physically appealing manner. Cleanliness is key, but what about the appearance of furniture? What about the linens and decor? Electronics? These matter just as much as the utilities you make available and the prices you charge.
- Are you always marking your corporate rental? Any good business model features non-stop marketing, even when a product or service has full market penetration. Your best success comes when you ensure that your properties – whether booked or not – are still being publicized and marketed in effective channels.
- Do you have premium communication and tenant relations in place? Word of mouth is still the best form of marketing, and you get this most readily when you rent an apartment with furniture while also offering the very best tenant relations.
It is not rocket science to succeed in corporate rentals, but with the three steps above, it is far more likely that you will have a steady stream of renters for your space.