Corporate Renters: The Dirty Truth About Trash

Renters, how can you get them to take out the trash? Always start with having a complete Property Manual with detailed instructions on what to do with trash and what will be considered an excessive clean upon departure. Here are some ways you can encourage your tenants to take out the stinky trash and save yourself from a potential stench and/or pest problem: If the property is a single family home with a garage, post a note about trash day above the garage door opener to serve as a friendly reminder to whomever is living there. If your property is...

How to Prepare a Property Manual

To ensure a positive stay for your tenants, we recommend preparing a detailed property manual and leaving it inside your property in an accessible place. Read below for more information or discover our new book, “Making Money with Rental Properties“ about how to prepare this important manual for your rental property.   An important part of being a successful landlord is how you manage the tenants that stay in your property. They may “live” in your property but they may not know how to do simple tasks like using your appliances, adjusting the thermostat and/or driving to the nearest grocery store....

What To Expect Your First Night In A Corporate Rental

If you’re a corporate housing property manager or by owner landlord, you know your tenant’s first night in the property is going to make or break their stay. We like to say that 90% of the details are in the first night. That’s why it’s crucial that you set the stage for your tenant to have a pleasant stay. First Night Dos: Check-In and Keys: Make sure the check-in process is smooth. Your tenant should be welcomed by someone with a property key or given very specific instructions on how to enter the property. Do not mess this up –...

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 Should Be in Your Corporate Housing Property Manual

Managing your tenants is key to being a successful corporate housing landlord. While your tenants will be living in your property, remember that they are new to the home and neighborhood. They are likely busy business travelers or relocating families adjusting to a new job, schedule or lifestyle. Tenants probably won’t know how to do simple things, like operate your heating, air conditioning or other appliances in your corporate rental. They will need your guidance. They will also appreciate any insight you can offer as far as proper protocol for taking care of the property and what they should...

The Scoop on Weekly Corporate Rentals

Summer vacation season is upon us and you may be receiving inquires from vacationers interested in renting your property for a week-long stay. While most corporate housing stays are at least a month long, it’s not uncommon for corporate housing owners to entertain the possibility of renting out their units short-term. So should you do it? Here are reasons why you should: You should consider pre-booking week-long stays if your property is located in a prime location for vacation tenants (perhaps keeping this option open for high tourist seasons). Renting your property for week-long stays allows you to charge...

Rate Setting Strategies For Corporate Rental Properties – Keep an Eye on The Competition

Corporate rentals command, on average, one-third more rental income than regular rentals. This alone can inspire landlords to jump into the corporate rental arena. However, a good landlord should know that pricing a property can be challenging and shouldn’t be a one-time occurrence. Rate setting for corporate housing is not an exact science. There are various factors that go into pricing a property including furniture, utilities, overhead and other associated costs. A corporate housing landlord should continuously monitor the area for trends. Investigate the pricing of other local corporate rentals, hotels and extended stays and how they adjust pricing...

How to Prepare a Property Manual for Your Corporate Rental

An important part of being a successful landlord is how you manage the tenants that stay in your property. They will live in your property and won’t know how to do simple tasks like using appliances nor will they know how to adjust the thermostat or how to get to the nearest grocery store. To ensure a positive stay, we recommend preparing a detailed property manual and leaving it inside your property in an accessible place. This booklet should include the following information at a minimum: Unit Instructions: Arrival and departure information Key and any garage or building access...