Pet Ideas, Facts and Corporate Housing Rentals

Yes, we love our pets. Yes, we travel with our pets. Yes, we need corporate housing rentals that can accommodate our pets. Every year in the Annual CHBO Corporate Housing Real Estate Report we talk to CHBO property owners about accepting pets in their corporate housing rentals and last year 38% of property owners said they will accommodate your pets. Of these respondents 72% say they accept pets because it keeps their rental properties occupied. Successful corporate housing property owners have discovered that pets can get their properties rented and at higher rental rates. Last year CHBO properties that accommodated pets charged...

Rental Management: Software for your Corporate Apartment

So if success is defined by setting customer / tenant expectations and then meeting or exceeding them you may need some additional property management software tools to help with the management of your corporate apartment and to save you from the physiatrist! HELP! Ok where do you start? I have always used property management software that allows me to track all my property details and all my tenant details in one place.  What I need is at least… Cloud Based. Reservation Board. Accounting. API Feeds (ex send my availability calendar directly to CHBO). Mobil Property Inspection Forms. Cloud Document Sign and Store....

3 Tips: Electric Cars and Corporate Housing Rental Expenses

To Plug or Not to Plug! That is the Corporate Housing Rental Electric Car Question! 3 Landlord TIPS At our house the family was very excited the day the new electric car began parking in our garage. But we own our house and even though we had to invest in an electrician to install the charging station, we also invested in solar panels on our roof to off-set the expense of charing our car. Yes, we love our electric car!   BUT as a landlord the world of electric cars adds a whole new element to Corporate Housing Rentals. Electric cars...

Drones: A Controversial Eye in the Sky for Corporate Housing Property Managers

This article was contributed by analyst Ashley Halligan for the CHBO blog. The information and opinions expressed are those of Ms. Halligan. An act was passed in February that’s ultimately going to open new doors of opportunity for real estate and property management officials. The Federal Aviation Administration Air Transportation Modernization and Safety Improvement Act requires that the FAA “accept and support” drones – or Unmanned Aerial Vehicles (UAVs) – in United States airways. While awaiting the new stipulations to be defined and take effect (by September 2015), many industries are taking a look at how UAVs can support...

Understanding Walk Scores and How It Impacts Your Corporate Rental

I recently learned about walk scores; apparently I’m one of the clueless people who didn’t know about this exciting phenomenon. Walk scores can help you access where you want to live or stay – especially if being within walking distance to your daily errands is top priority. A high walk score means you can walk to do daily errands and that you live within walking distance to grocery stores, shops, banks, schools, gyms and even work. A low score means you need a car in order to get anywhere – in other words, you’re “car dependent.” There also are...

Fives Ways to Avoid Mishandling Your Rental Inquiries

Have you ever had the perfect tenant slip right through your fingers? If you could have just done one thing differently, you might have had the best tenant of your life – right? Maybe you missed out on that perfect tenant because you mishandled the situation. This topic makes me think of one of my favorite movies, Pretty Woman. When Julia Roberts attempts to shop at a high-end store on Rodeo Drive, she is snubbed by a snobby saleswoman who judges her as soon as she sees her. Later, Roberts goes back with all her new purchases in-hand to...

Why Politics Might be Bad for Corporate Housing Businesses

We are in the middle of a contentious political season and most Americans are feeling, well, a bit unsettled. As you may have guessed, unsettled politics can be bad for business. Right now we are seeing a trend of companies not spending money until they can better understand what the next Administration’s policies will be. If business confidence is down, business travel and business spend is typically down too. What This Means For You: As a corporate housing landlord, you may see less rental inquiries and stays. Between now and November 6th you may need to work harder to find the right...

How to Encourage Corporate Housing Guest Reviews

Having positive reviews on your listing from prior tenants is crucial to your success as a corporate housing landlord for several reasons. Future renters are heavily influenced by past renters – a review can help someone make a quicker decision about wanting to work with you. In fact, a positive review can create instant credibility in the eyes of a potential tenant. You’ll stand out – so few corporate housing landlords take the time to solicit reviews – but those who do get rewarded handsomely! To solicit more reviews, make sure you have a good, clean listing. The first impression...

Avoid Using Misleading Words in Corporate Housing Rental Listings

Obviously when a landlord puts together a listing for his rental property, he wants it to sound wonderful and oh-so-appealing. While landlords should be careful not to mislead, renters should also be prepared to understand this arsenal of popular misleading terms so they can investigate further into each term’s true meaning: Unique – this might include a property that is too “unique” for the mainstream renter. Landlords should avoid using this word and rather explain what is exactly unique about the property within the listing. Pet-friendly – this word might mean to a potential renter that the house stinks....

Are You Overpaying for Free Vacation Rental Sites?

It’s easy to get confused as to which rental listing site is best for your rental property. There is one rental site that seems to be confusing many of our members. This site advertises that you can list your rental home on their site for free. But if you read the fine print, you’ll soon realize that the site collects 3% of each accepted reservation to cover the cost of processing and then keeps an additional 6-12% of the booking fee!  Tenants pay the site and then funds are transferred to the landlord, minus the company’s cut, of course....