Rental Discounts & Extended Stay Rentals

Yes there are generally rental discounts available for EXTENDED STAY RENTALS if you are willing and able to sign a longer term lease 🙂 Defining a “Longer-Team Lease” How a property owner defines a “longer-term lease” can vary significantly, depending on the market and the property. One property owner’s definition may be three months, while another’s definition may be 12 months. Nonetheless, while these discounts may be applied differently, the discounted amounts are fairly consistent. If you’re new to real estate, the takeaway here is to avoid over-discounting. Very few property owners discount by 15% or more. The key...

CHBO Favorite: Housing Request – Just 3 Steps

One of my favorite tools on CHBO is the Housing Request!!! Everyday I get clients asking me for corporate housing in a city I have never been to and I find the easiest solution is just to complete one quick housing request to that geographic area and and within a few hours I have numerous housing solutions to choose from and forward to my clients. Why should I use a Housing Request and how will it save me time and find the best corporate housing rental to meet my housing needs? Step 1 – On the top of any CHBO page,...

Rentals: How Much Should I Spend on My Marketing Efforts?

How Much $$$? Where? How?  Are you spending enough resources to market your corporate rental properly? The key to annual rental revenue success is high occupancy, which can only be achieved with quick turnover between tenants and effectively lining up the new tenant before the pervious one departs.  That’s where marketing plays a significant role. Getting a property rented is about having the right property at the right price and being able to connect with the right tenant. As a general rule of thumb, corporate housing landlords should dedicate anywhere from one to three percent of their total annual...

Keeping It Clean Between Tenants

Ideas about keeping your property clean during and after tenants! You may find that tenants who stay for longer periods of time tend not to be the best housekeepers. But there are a few ways you can get your tenants to keep your home clean… Leave cleaning supplies inside the property. Mark them clearly as to their purpose, as you don’t want furniture polish being used on your hardwood floors. Keeping supplies under the kitchen and bathroom sinks will provide those much needed hints to your tenants to tidy up. Guide your tenant. Communication is key to keeping your home well...

Five Ideas to Keeping Your Property Rented

Business travel is on the rise and professionals need corporate housing. Read our secrets to getting your property rented and keeping quality renters! 1. Use special incentives to entice renters. Think about what bonus incentives you can offer to entice a wavering renter. Offer a free train or bus pass, access to the neighborhood gym, or weekly maid service. Such incentives may be ones that competing properties in your area don’t offer, thereby setting you apart from the pack. 2. Include all amenities in your listing. Don’t undersell the value of your rental! If you have an amenity in your home...

How Schools increase your Rental Rate?

If you are looking for accurate rental data across the United States then RentRange is your company. What these guys do is not just guess at rental rates and data, they actually collect real data and a lot of it, and then produce reports that will make you more successful in your real estate rentals. I was talking with Wally Charnoff the CEO of RentRange last week and he has found with the data they collect that having a rental property that feeds to the right school can increase your rental rate by 10-12% compared to the house down...