stylishly furnished unit in furnished apartments

How to Finance Furnishing Your Corporate Rental Unit

To make your corporate property rentals stand out in today’s market, you’ll need to think creatively. If you want to attract high-quality clients, consider providing your tenants with upscale and comfortable furnishings. Furniture can set the tone for a rental space, and it’s a highly desirable perk among corporate renters. A stylishly furnished unit may rent faster and at a higher rate, and your renters will know that you take your responsibility as a landlord very seriously....

Find your property managers

Fantastic Ideas to Help Property Managers Track Maintenance Tasks

As a property manager of a furnished rental, you likely understand how much work you are required to do in terms of tracking and verifying maintenance tasks for your properties. You are required to track all of the paperwork, ensure a repair person is present to take care of tasks, verify the work process as it goes on, track all of the invoices for maintenance work, account for payments, and much more. This is something that can get overwhelming extremely quickly, even for the most experienced and efficient property manager. The good news is that as technology grows and...

Corporate Housing

Tips for Preventing Subletting in Your corporate apartment rentals

If you follow trends in housing, you see that furnished housing rentals and corporate apartment rentals have spiked over the past few years – particularly in popular urban locations. However, they are also used for longer holiday homes, too, and so it is important that property owners know all of the different issues that can occur when offering up such housing options. One of the most difficult is the issue of subletting. It is usually a given that furnished housing rentals are not permanent or long term. Most corporate apartment rentals are completely furnished, as are many seasonal rentals....

short term apartments for rent

Hoarding Situations and Short-Term Apartments

It might seem entirely impossible for tenants in short term apartment rentals to create a hoarding situation, but it is far more common than you might know. One organization has determined that hoarding disorders affect up to 15 million people, and that it is an endless behavior. This means that property managers of short term apartments must take the matter seriously and make plans to address the issue if it arises. How? There are some obvious warning signs for longer term rentals, such as a year without a single maintenance call, but even short-term apartment rentals can provide a...

The Ultimate Cheat Sheet for Furnished Property Management

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...

What is Corporate Housing Property Management?

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...

Insurance Questions for Your Provider and Your Property Manager

For most people, homeowner’s insurance is pretty straightforward. Since they’ll be the ones living in the house, they aren’t overly worried about getting coverage in case of an accident. In general, they just want to be able to pay no more than their deductible if there’s storm damage to the house or if there’s a break-in. For landlords looking for insurance for rentals, especially those with furnished housing, insurance is an entirely different beast. If you’re signing on with CorporateHousingByOwner to rent furnished housing to corporate tenants, you’re going to have a few questions for both your insurance provider...

DIY Property Management: Updating Bathrooms in a Corporate Housing Rental

How to Create an up to date Corporate Housing Rental by setting a Budget for a Bathroom Renovation: In The CHBO Corporate Housing Handbook we talk about the importance of clean and up to date corporate housing rentals. Remember when determining your rental rates the first factor is the number of bedrooms and the second factor is the number and quality of your bathrooms. Remember your corporate housing renter is not just coming to stay the night, they are coming to rent your property for an extended period of time (according to the last CHBO Annual Report 15% say...

Property Manager – A Want or Necessity?

According to one of our recent reports at CorporateHousingbyOwner, we discovered that around 82% of property owners are taking care of their own property management. While it’s certainly possible to do, is it always a good idea? Do you really need a property manager? Let’s look at the pros and cons of working with property managers, tips on finding a great property manager, and how you can take care of some of the management on your own if you need to. Benefits and Drawbacks of Having a Property Manager Trying to manage your fully furnished apartments for rent is...

Insurance Questions: Provider and Your Property Manager

Having the right type of insurance and the right amount of insurance is important for anyone who owns property. It becomes even more important when it comes to rental properties and temporary furnished apartments, as you have others who are living in the unit. You need to cover the unit, along with any issues that might arise there. If you own property and you work with a property manager, it is becoming increasingly important to list the manager as an additional insured party on the policy. Later, we’ll discuss why it’s a good idea. What Insurance Policies Does the...