Stay In Your Corporate Property Before You Rent It Out

If you’ve ever traveled and stayed in a hotel, vacation rental or corporate rental, it’s likely you’ve had at least one bad experience. It’s inevitable. But do you want tenants staying in your property to have a memorable, bad experience? I have a feeling you don’t want that – not at all! That’s why I have one tip for you: Stay In Your Corporate Property Before You Rent It Out! Is everything neat and clean? Is everything you need easy to find and within arm’s reach? Do you have all the dishes and pots you need to prepare a...

5 Tips to Keeping Your Corporate Rental Tenants Happy

If you’ve been a corporate housing landlord for awhile now, you know that keeping tenants happy is priceless. They create a more positive experience, pay on time, create less work for you, take care of your home, leave nice reviews on your CHBO profile, and often become repeat clients down the road. If you’re wondering how you can find – or create – these happy tenants, follow these five golden rules: 1. Aim for Long Term Renters: Skip nightly and weekly stays and rather opt for those interested in one-month or longer stays. Longer stays typically mean less turnover and...

What To Do If Your Landlord Refuses to Make Repairs

It can be frustrating to live in a furnished rental property that is not properly attended to and maintained by the landlord. Last week we talked about both the landlord’s and renter’s responsibilities when it came to maintenance, repairs and damage to a rental property. This week, let’s talk about what you can do if you’ve notified your landlord of a required repair and they haven’t taken action or responded… Provide Written Notice: While you may have called or emailed your homeowner to request repairs, the best course of action is to provide written notice via snail mail, preferably via certified letter they have to...

Are Tenants Responsible for a Corporate Rental’s Maintenance?

As a tenant in a rental property, you may think you’re off the hook when it comes to taking care of or maintaining your rental property, after all, you don’t own it.  Chances are, however, you are dead wrong! While a rental property’s owner is responsible for most maintenance issues, you have a responsibility, as a tenant, too. Let’s talk about what the property owner and the property tenant are each responsible for: Property Owner’s Responsibilities The property owner is responsible for the property’s plumping, structural integrity, wiring, lighting, smoke detectors and ventilation. Further, a corporate housing landlord is...

How Storage Can Help Prepare Your Home for Corporate Rental

Corporate housing has been experiencing serious growth in the past 20 years. In 2010 alone, corporate housing revenue was at an all-time high with 2.47 billion in revenue, beating out 2009’s record by almost a quarter billion. Clearly this industry has become a preferred alternative to the traditional hotel stay, and so for landlords it is important to make sure that your property has exactly what the tenant is looking for. Being that it is corporate housing, that of course means that the place is going to be furnished. However, just because you are allowed to have stuff there...

Cheap Makeovers that Boost the Value of Your Rental Property or Home

When you’re ready to put your home on the market, you don’t want to have to sink thousands of dollars into upgrades and remodeling projects. The best time for those kinds of changes are while you’re living in the home anyways, and you can take advantage of those upgrades for at least a little while. When it comes time to sell, it’s all about making the home marketable and valuable in the eyes of prospective buyers. Fortunately, there are some relatively easy and inexpensive techniques you can use to boost your home’s value: Unclutter your home. This is the...

Simple Ways to Make Your Corporate Rental Property Green

Greening your furnished rental property doesn’t have to be time-consuming. That’s why this first post-Earth Day post we decided to share some very simple ways to add some eco-friendly touches to your property. Stock property with recycled paper goods such as recycled toilet paper, paper towels and tissues. Leave bio-degradable and non-toxic agents inside your furnished corporate rental home. This way your guests are encouraged to clean with green products and you know the property is getting cleaned using safe and healthy cleaning products. Change your lightbulbs to compact fluorescent bulbs to reduce the energy use in your corporate rental....

Landlords: Should Your Corporate Rental Offer Maid Service?

Your corporate rental clientele have the tempting option of staying in hotels where the rooms are cleaned daily, towels and linens are constantly replaced and the rooms and common areas smell clean and fresh. When catering to this business professional that is used to being “picked up” after, it is important that your corporate rental is regularly cleaned.  That means cleaning carpets and washing sheets and linens between tenants.  It also means that you may want to consider offering or requiring a weekly, bi-monthly or monthly cleaning or maid service while a corporate tenant is in residence. In the...

Reducing Summertime Energy Costs in Your Corporate Rental

Ah air conditioning! When the temperatures start to soar it’s time to crank up the AC. But how can you ensure your tenant is keeping your corporate housing cool while leaving you with a huge utility bill? While we love our tenants, they can sometimes be big energy wasters because they don’t treat rentals as their own home and this includes over using electric, air conditioning and other costly utilities. Kimberly Smith, president of Corporate Housing By Owner recommends “Giving your tenant a utility allowance based on last year’s rates and if they go over that amount, they are...

Congrats! You have a renter…. now what?

Now that you’ve spent all this time getting your listing up and running, it’s likely the inquiries will start rolling in. It can be an exciting and scary time for a new landlord handling their first interactions and transactions. Here are some tips to getting through it like a champ: Confirm credibility of the tenant. Ask your potential client why they’re looking to rent your property, who will be staying there and for how long, pets, etc. Once you feel they would be a good “fit” for your property, have them complete a formal rental application. There are template...