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 to choose.

As a landlord of a furnished rental property you have choices about your property style and how you communicate that style to potential renters. Most importantly is to communicate the value of your furnished rental property correctly so your next tenant is satisfied with their decision to rent your property and in turn will provide you with a great property review and possibly even a referral for your next renter.

Today Kerrie Kelly, a professional interior designer, is sharing 4 simple tips on how you can improve your rental property style with just a floor lamp…

4 Ways to Elevate Rental Property Style with just a Floor Lamp By Kerrie Kelly, ASID

Lighting is key in any space, but that’s especially so in apartments or rentals. When prospective renters are looking for a new home, one of the main characteristics they look for in a new pad is the lighting. Is there adequate overhead lighting? Task lighting? How about natural light? Should these specific types of lighting be unavailable at the time of their decision, let your renters know they can spice up their space with floor lamps, the most versatile and design-friendly type of lighting out there. Here are four ways to style floor lamps.

1. Open and EclecticFurnished Property Style with lamp

Arced lamps nod to Mid-century design bliss while those with oversized shades add a unique touch to a room looking for an extra bit of oomph. One of our favorite ways to add an eclectic floor lamp to a space is by situating it near a reading nook or lounge area, like the living room. Arced lamps and those with oversized shades help to boost style factor and functionality. Choose a lamp with a metallic stand for a touch of luster and neutrality, or use a unique shade to add color and contrast.

2. Make it ModernRental home with lamp for Property Style

Contemporary style is all about creating angles and sharp edges, and what better way to do that than with a geometric floor lamp?

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!How To Make Money

No business, no landlord, should ever sit back and rely on one source of income. It is that simple, you need to diversify your marketing. Take control of your destiny by taking control of your marketing.

Somewhere along the line landlords got comfortable with getting all their rentals from one source. I was talking with an associate last week who has been managing a vacation rental property in Winter Park, Colorado for the last 10 years and getting 100% of her renters from VRBO. Good for her, but the game has changed. I asked if she had been developing repeat clients over the past 10 years. “No,” she said. “I didn’t need to develop relationships with my renters because VRBO gave me new ones every year.” “Do you have a website to market your rental property?” I asked. “No,” she replied. “I get everything from VRBO.”

OK, Time to wake up! The nice little website VRBO which has been diligently sending property owner’s renters is now GONE for GOOD and it is not coming back.

Fact: The reason Expedia paid $3.9 billion for HomeAway is because it was under monetized. This means that HomeAway was only charging 3-4% of each rental where Airbnb was taking 10-13% and Booking.com was taking over 15%. Marketing fees are going up and they are not going up by a little, they are going up by a lot.

There are a lot of issues with the new Expedia / HomeAway / VRBO monopoly that will be hurting the individual landlord but we will talk more about those later.

Today we need to talk about marketing your furnished rental property so you are in control of your financial success.

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 expectationsCorporate Housing

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 property versus a real estate agent representing someone else. In addition, laws are very different for vacation rentals that are offered for leases of less than 30 days versus corporate housing property rentals of 30 days or more.

Tip! CHBO continues to develop useful documents to help you with your rental property.