Corporate housing Survey

Learn about Security Deposit Experiences in Accordance to CHBO Property Owners

CHBO always recommend owners opt for the ARDP. This option is a win/win for the owner and the renter. Renters don’t have to tie up large amounts of money and owners don’t have to nickel and dime their tenants or worse come out of pocket for accidental damages during the lease term. Owners just submit a claim with repair/replace receipts and through the ARDP the owner is reimbursed, the best part is they don’t have to involve the tenant. Deposits can be deal killers as most property owners know. What happens when there is damage? If you charge the...

Fully furnished apartment for rent by CHBO

Why Travelers Choose CHBO Over Hotels and Extended Stays

There are many reasons that travelers make extended stays in specific cities or regions. Though many might experience a “knee jerk reaction” of thinking about booking their stay in some sort of hotel or property designed for extended stays, many are reconsidering. Instead, the ever-increasing trend is toward booking stays in CBHO or corporate housing by owner properties. There are many reasons, and these include: Hotels and extended stays are typically far more expensive. Most extended stays are designed for convenience and for business travelers only, this can make them extremely cold, generic and very uncomfortable. For example, imagine...

Quick ways to make great Property Style – The Lamp!

Yes, we all want Rental Property Style! As unique human beings we all seek our own personal style! Yes we do! If we didn’t we would all be wearing the same outfit every day and we would match everyone else. It is in our DNA to want to have choices and when choosing a rental property we do value great rental property style. It is just a fact. Some people are willing to pay more for that style, some people may value that style less and just want an efficiency when it comes to their rental property, however we all want...

Furnished rental tips to survive in the world of Expedia

5 steps to financial success and control of your furnished rental property! Yes, landlords got spoiled with their furnished rentals when the internet allowed them to efficiently and economically connect with potential renters around the world. Furnished, unfurnished, daily, weekly, monthly and annually leasing all got easier with the connectivity offered by the internet. Today a lot of these landlords are living in fear because those internet tenants are going away and costing more. How did this happen?  How can you, the landlord, protect yourself from financial ruin? Simple answer: Go Back to the Basics! No business, no landlord,...

Rental Documents for Corporate Housing… See which ones you’re missing?

After 10 years of blogging the number one blog post of all time is the rental lease used for corporate housing. So we always know this is a popular topic on our CHBO Annual Report. Corporate Housing: Rental Documents Having profitable real estate has a lot to do with: Setting and meeting expectations with your renters and Having the written documentation you need to confirm and support these transactions and expectations Real estate laws and regulations are always changing. They’re regulated and established on a state-by-state basis, and the rules apply differently if you’re an individual managing your own...

Colorado Couple Finds Stream of Quality Tenants at CHBO

Ray and Rayetta Thomas’s home is nestled in a private neighborhood in Manitou Springs, Colorado. The property has a breathtaking, unobstructed view of Pikes Peak and is minutes from Colorado Springs, Colorado. When it came time to renovate their detached garage, Ray and Rayetta decided to put a flat roof on the garage so they could add a second story guesthouse on top. After the project was complete, the property sat vacant with the exception of a few guests here and there. Rayetta says she felt the home was too valuable to be vacant all the time. It was...

4 Tips for Getting Corporate Tenants to Renew Their Leases Instantly

As a property owner, you know that your income for your corporate rentals depends on having active tenants living in them. You also know that corporate tenants tend to stay for shorter periods of time than tenants who sign traditional leases. You might think that this means you’ll be dealing with a lot of turnover and downtime in between tenants, but that really doesn’t have to be the case. If you follow a few simple tips, you’ll see more tenants extending their leases and much less time between tenants, too. Choose an Amazing Property Management Firm First of all,...

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...

Environment: Should Your Corporate Rental Go Green?

We know that eco-friendly practices are all the rage… but should your corporate rental to be “green” too? Going green is all the rage, but does that mean you should make your corporate housing rental GREEN too? A primary concern for real estate investors is the perception that green practices are more costly than non-green practices. But the truth is that there are ways to incorporate environmentally responsible practices into your rental property without breaking the bank. And don’t forget that your renters want it – a recent survey reported that 60% of renters demanded eco-friendly features in their...

Determining Your Best Rental Rate

Pricing?  Common sense and a little know how.  Read below to learn successful pricing strategies from our CHBO pros. Coming up with the best rental rate to charge your renters takes a little science, some know-how and a little luck.  Remember your goal is to connect with the right tenant for your property and get the highest annual occupancy to deliver the annual financial success you are looking for.  If the property is overpriced your property may not get rented and if you underprice the property you could be missing out on expected profit. The first step to pricing...