How should I price my corporate housing rental property?

“How should I price my corporate housing rental property?” “When should I negotiate, and when should I hold firm on my rates?” What are the most asked questions at CHBO? You got it, “What are the current Corporate Housing Rental Rates.” Because these are the top questions we’re asked at CHBO, we’ve divided this topic into three sections in our CHBO Annual Report: Variance, Actual and Discounts. 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.   The great news is that 39%...

Trends: Corporate Housing Real Estate Predictions

Really we all want that perfect crystal ball that lets us know what the future looks like and when it comes to real estate investing it is even more essential to know what the future looks like and how these properties will be good investments. – Kimberly Outlook for 2016: Corporate Housing Real Estate Predictions for the Future According to respondents, their outlook for 2016 is very positive. The number of respondents who say the future looks “much better than last year” held strong at 21%, down just slightly from 23%. 41% say they predict that 2016 will be...

Real Estate Investing: The Lottery Backup Plan

Real Estate Investing: The Lottery Backup Plan – just in case you didn’t win! I know we were all a little surprised last week when we didn’t win the billion dollar lottery.  The great news is we have other options for building our wealth that don’t have to include luck and unachievable odds. Since I get to talk a lot about real estate investing I thought I could share a few of those ideas with you… If we could all win the lottery the reality is we probably would not be in the market for investment real estate. However, since the...

Corporate Housing Annual Survey – Complete for a chance to win a $100 Amex Gift Card

Corporate Housing is not part of the share economy and CHBO has the data to prove it. CHBO Launches 7th Annual CHBO Corporate Housing Real Estate Survey Everyone who completes corporate housing annual survey will be entered to win a $100 Amazon.com gift card! Length: 8 Topics, Approximately 5-10 Minutes (General, Property, Rental, Renters, Property Management, Pets, Marketing, Corporate Housing) Purpose: Make you a more successful landlord by giving you the data you need to best market and manage your rental properties. Report: You will receive a FREE pdf copy of the completed report by January 15th 2016. We will send...

Leasing: Tenant wants your furnished rental property

The Tenant Wants Your Property, Now What? Time to Lease.   The 3 step process… Congrats you found the right property, got it ready, did the right marketing and now a tenant wants your property. Remember this is great news even though new landlords may start to feel overwhelmed and not know which direction to turn at this point. Once again life is all about one step at a time and just knowing where to find the right information is all you need. Step one is as simple and doing a casual Q & A with the potential tenant. ...

News: Real estate is back. In a big way. Updated CHBO Property Portal

CHBO / Corporate Housing by Owner announces new updated CHBO / Corporate Housing Property Portal to serve growing demand for furnished residential rentals. Enter Kimberly Smith, co-owner and principal of Colorado-based CHBO / Corporate Housing by Owner, a corporate housing property rental portal and founder of AvenueWest Corporate Housing and Avenue West Global Franchise who’s not just cautiously dipping a toe back into the post-recession real estate market with her 15 year old, multi-million dollar corporate housing companies she’s leading the charge and taking growing numbers of real estate investors, property owners and business travelers with her.    “2014...

Taxes: Deduct These Expenses From Your Rental Property

Wondering what expenses you can and can’t deduct come tax time? Many property owners wonder what expenses can legally be deducted from their income. This article will give you some general guidelines, however, you should always consult your accountant and financial advisor for specific advice. Maintenance Fees: Consider deducting any expense you incurred for cleaning, lawn maintenance, painting, carpet cleaning, pest control, and any other general maintenance fees. Also, you may be able to deduct mileage to and from your property, so it’s worth keeping track! Marketing Fees: You can deduct any expense incurred by marketing your property, from hiring a...

Lowering Your Homeowner’s Insurance Bill

Homeowner’s insurance isn’t important until you need it. Read below to learn how to properly insure your rental property and protect yourself and your investment. Homeowner’s insurance can be complicated, but with the right information you can get exactly the coverage you need. The following tips should help you get started: Know what your master policy covers. Know exactly what your monthly dues are paying for and what you are responsible for on your own. Check your policy for coverage on water damage. Make sure you’re well covered for this because water damage happens more often than you think. Furthermore,...

How to Prepare a Property Manual

To ensure a positive stay for your tenants, we recommend preparing a detailed property manual and leaving it inside your property in an accessible place. Read below for more information or discover our new book, “Making Money with Rental Properties“ about how to prepare this important manual for your rental property.   An important part of being a successful landlord is how you manage the tenants that stay in your property. They may “live” in your property but they may not know how to do simple tasks like using your appliances, adjusting the thermostat and/or driving to the nearest grocery store....

Rental Success: Keep Learning to become successful

CHBO is working to connect you with both the tenants and knowledge to make you a successful landlord! The key to Rental Success is to Keep Learning Corporate Housing by Owner (CHBO) was designed not just as a marketing website but also as a resource and educational toolbox to provide you with the knowledge and tools you need for rental success and to become a profitable landlord. Successful CHBO property owners utilize CHBO to learn more about Corporate Housing and how to manage their properties. Some of our favorite rental success tools are: CHBO Videos “by Owner” Corporate Housing Annual Report...