CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
Property Management Trendsd Management: Corporate Housing Rental Property We asked respondents to tell us how they manage their rental properties. In 2018, all of the support, aside from self-support, has declined EXCEPT using a corporate housing management company....
Variance: Changes in Rental Rates We asked respondents to evaluate their current rental rates compared to the previous year for the exact same rental property....
Outlook & Profitability 2018 is the highest year with 96% of participants stating their property was either profitable (76%) or breakeven (19%). Only 4% of owners said their property was unprofitable. Based on the fact that more owners than ever purchase a property as an investment and the steady increase, 2018 being the all time high, we believe our property owners are achieving satisfactory returns from r their investment properties....
To make your corporate property rentals stand out in today’s market, you’ll need to think creatively. If you want to attract high-quality clients, consider providing your tenants with upscale and comfortable furnishings. Furniture can set the tone for a rental space, and it’s a highly desirable perk among corporate renters. A stylishly furnished unit may rent faster and at a higher rate, and your renters will know that you take your responsibility as a landlord very seriously....
As the owner of fully furnished apartments for rent, you are aware of the benefit to your tenant when they purchase travel accidental rental damage insurance. However, getting a tenant to understand that can be more complicated. Couching your tenants through their options may be something you have to do, and we have some tips....
Need help managing your furnished rental properties? Before you hire a property manager, let smart technology take the wheel. From smart thermostats and smart lighting to connected door locks and smart smoke alarms, installing connected devices lets you keep an eye on your properties from afar and improves security, helping you protect your investment.It also provides extra conveniences for your renters. Here are six simple smart home solutions to consider adding to your corporate rental unit. 1. Smart Door Locks This is a must-have for any rental property. A smart door lock operates just like a normal lock (so...
If you follow trends in housing, you see that furnished housing rentals and corporate apartment rentals have spiked over the past few years – particularly in popular urban locations. However, they are also used for longer holiday homes, too, and so it is important that property owners know all of the different issues that can occur when offering up such housing options. One of the most difficult is the issue of subletting. It is usually a given that furnished housing rentals are not permanent or long term. Most corporate apartment rentals are completely furnished, as are many seasonal 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? 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...
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...
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. 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...