Tips for Corporate Rental Success

corporate furnished rentals

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?corporate furnished rentals

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.

Property Spotlight: A Shining Beacon in Maine Corporate Housing

A Shining Beacon in Maine Corporate Housing

Today’s spotlight furnished rental is the very definition of tranquility and relaxation. This lovingly preserved, multi-tier gabled colonial farmhouse sits amidst a sea of green fields, apple trees, and horse pastures in rural Durham, Maine. This gorgeous pastoral country is the setting for this classic 1830’s three-bedroom, two bath farm home, CHBO Certified and ready for your corporate retreat or extended stay.

Just listen to this happy client: “Pictures, reviews and ratings, all wonderful, do the Thanksgiving Farm an injustice. The place and people scored off the charts for us!!! We can’t recommend it highly enough. Thanks!” Galen, October 2017

The Economy Here is More than “Maine-ly” Lobster

Maine Lobsters are the world’s most famous crustacean and a luxury food that’s made the state’s seafood producers famous. Up on land, poultry, eggs, cattle and potatoes star, but it’s manufacturing of health care products and paper and wood products that drives this economy the most. Health care is highlighted by Maine Medical, Mercy, Mid Coast Regional, Central Maine Medical, and St. Mary’s Regional Hospital. A few major firms call Maine home: Fairchild Semiconductor, IDEXX Laboratories, and outdoor clothing retailer L.L. Bean. Portland, just thirty minutes from this idyllic farmhouse, is growth-focused and supports a strong business culture of small to mid-size companies. The downtown district in Portland, and the Old Port historical area, provides many business opportunities for residents and visitors. The Jackson Laboratory, is the world’s largest mammalian genetic research facility, and calls Maine home. This could be due to the ample number of higher learning institutions like Bowdoin, Bates, Colby, the University of Maine, and the University of New England.

See Rural “Nor-Easter” Charm from this Maine Short-Term Rental

You’ll enjoy the calm and tranquility of home here, and when its time to get out and see more this state, Portland is a great place to explore. Breweries like The Maine Brew Bus, Shipyard Brewery, and Allagash Brewery provide suds to go with surf. Shore access means fishing charters, paddle boarding, and cycling along the coast. Commercial Street, Congress Street, and Market Street are replete with waterfront shops and cafes to peruse. Art lovers can visit the Portland Museum of Art, sports fans can catch minor league baseball at Hadlock Stadium, home of the Double-A Sea Dogs, a Red Sox affiliate.

corporate housing society

If You are Fishing for Luxury Corporate Rentals in Maine, You Caught a Beauty

We were very excited to find a house which seemed very nice on a horse farm…When we arrived, we were very happy to see that the house was even better than the photos….it is obvious that the owners have put a great deal of time and effort into restoring this beautiful property. We were even more impressed by how kind and friendly the owners are….”

The reviews say it all. This beautifully preserved and maintained classic 1830’s farmhouse with modern upgrades located on a horse farm with three Icelandic horses cared for by the owners. It’s CHBO Certified, so you know it’s fully furnished and appointed with top-end furnishings so all you need to do is pull in to the two-car attached garage and come in via the mudroom, put down your luggage and feel at home.

It was comfortable and spotless, all the comforts of an inviting home. The setting is beautiful – apple trees and horses and wide-open fields. We only wished we were there longer.”

corporate housing society

Enjoy a sunny eat-in kitchen with spacious central island and farmhouse sink, a washer and dryer alcove, Hearthstone wood stove and bucolic views of the courtyard and verdant gardens, pastures and stone walls. The cozy living room features a fireplace and baby grand piano. A dinner party is a must here with an elegant dining room seating up to eight lucky guests. Upstairs, three spacious bedrooms await, sleeping up to six. The master bedroom suite includes a king bed, there’s a garden view bedroom with a queen bed, while the third bedroom has two twin beds perfect for the kids, or could easily serve as an in-house office thanks to a desk and a gas stove. Bathrooms on both floors here include heated tile floors, large custom shower and a double faucet farm sink.

“The house was great and even better than expected, very clean with everything you could ever need, especially if you expect to cook. Barbara and Jim also gave us great recommendations on what to see and where to eat in the area. We even got some nice recipes and got to pick some apples from the tree in the back. The horses were amazing to see in-person and Barbara will teach you all about them if you have any questions (like we did). They’re very well behaved and we even got to pet them! Overall it was an amazing stay and we’ll be sure to come back if we’re ever in the area!”

corporate housing society

The owners, Barbara and Jim, live on the neighboring property. Maine Corporate Housing doesn’t get better than this. Be sure to call them at +1 (207) 650-3169 today before your miss your chance to relax at this beautiful farm house during your stay in Maine!

Outlook Bright for Corporate Housing Owners

Outlook Bright for Corporate Housing Owners

Whether you are the owner of corporate housing that you describe as short term furnished apartments, an executive rental, or furnished housing, the future is looking quite promising. Recent industry surveys indicated  executive rental properties of all kinds are increasingly more sought after and profitable.

corporate housing rentals

Many owners of furnished housing rentals say they plan to invest in more real estate in order to offer them as corporate housing or short term furnished apartments.

Property management software continues to be adopted by owners to help them with their rentals. Because most handle management themselves, using industry specific resources in marketing and accounting helps them address these responsibilities more professionally.

Have sites like Airbnb changed how these property owners do their jobs? A bit, yes. While many now say they meet their renters face to face before the rental begins (this is up by more than 40% from the year 2014), most are also saying their real world communications by phone, text and email are up, too.

The most popular corporate housing properties offered, contain 3 or more bedrooms. Single family homes are tied with condos as to favored property types, though, this does not mean that single bedroom corporate rentals are unprofitable. The desirability has to do more with a one or two bedroom condo may be just as busy as the single family homeowner.

It has to do more with location and demand in the specific area, so an urban owner with a one or two bedroom apartment may be just as busy as the single family homeowner renting their property.