CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
Whether tenants have just left temporary housing or moved out of a long-term apartment, wear and tear is something that property owners should expect. Understanding the difference between wear and tear and damage will ensure a Corporate Rentalsproperty owner keeps the right amount of the security deposit, while the rest goes back to a tenant....
If you are in the business of providing executive housing rentals, a property manager is someone you should have on your side. This person has experience making homes appealing to tenants and can market them in that way. If you offer monthly furnished rentals and aren’t getting the bookings you want, a property manager is the top individual to help you make success a reality....
Do you have help with the management of your furnished homes for rent? Are you the kind of person who prefers to handle all the management tasks on your own? Many people find that the job is something they can handle on their own, while others appreciate a helping hand to ensure things get done efficiently....
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...
A lot of furnished corporate housing owners manage their own properties instead of hiring a property management company to do it for them. This might seem like a lot of work, but it can actually be very simple if you have a good checklist. With this cheat sheet, you can organize your property management responsibilities so that you won’t feel like you’ve taken on a second job with your furnished corporate apartments. Accept Credit Cards – First of all, you need to be able to accept credit card payments from your renters. You can easily do this with a...
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,...
For many renters, moving across the country or around the world for a new job is an intimidating life change. Corporate housing is undoubtedly a huge help during this transitional period, allowing people to focus on settling into their new environments. With that said, landlords can significantly impact how at home tenants feel in their temporary homes, making them more likely to stay on as long-term residents. Consider these small additions to a corporate housing apartment that will guarantee a more welcoming, comforting home for new tenants. Homey Furnishings Most renters will agree the convenience of having a furnished...
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...
What is Corporate Housing Property Management? In the CHBO Annual Report we asked property owners to tell us how they take care of their properties. We asked respondents to tell us how they manage their rental properties. At an all-time high, 92% of respondents say they do all their property management them selves. This number is up from the all-time low of 72% in 2013. Previously, we had hypothesized that the decreasing trend in “do it myself” management was due to accidental landlords deciding they needed more professional support. In our 2013 annual report, we predicted that we expected...
The answer is “Yes.” Question: “As a real estate broker does it make sense to learn more about corporate housing real estate investing.” Why: “Because the survey says people want to buy more!” If you believe in human evolution you want to believe we continue to do what works and we stop doing those things that do not work. So it is important to know what current corporate housing real estate landlords plan to do in the future because this will give us the best picture of their current satisfaction. Spoiler Alert: Yes, Corporate Housing Real Estate Landlords plan...