Rental Success: Keep Learning to become successful

CHBO is working to connect you with both the tenants and knowledge to make you a successful landlord! The key to Rental Success is to Keep Learning Corporate Housing by Owner (CHBO) was designed not just as a marketing website but also as a resource and educational toolbox to provide you with the knowledge and tools you need for rental success and to become a profitable landlord. Successful CHBO property owners utilize CHBO to learn more about Corporate Housing and how to manage their properties. Some of our favorite rental success tools are: CHBO Videos “by Owner” Corporate Housing Annual Report...

Help renting to your first tenant.

How to handle that first tenant inquiry.  It can be an exciting and scary time for a new landlord – read below how to handle inquiries like a professional and get the deal done. START by going to CHBO and logging into your Dashboard!  Here you will find for FREE the CHBO Handbook, Annual Reports, dozens of documents and guidelines to make your life easier.  Login to CHBO. 1) Confirm tenant is legit.  Ask Questions – such as why they’re looking to rent your property, who will be staying there and for how long, pets, kids, etc. – Document Link Complete...

Apps for the New Property Owner!

As a property owner, investor and corporate housing manager, you need to make decisions about interior décor and home improvements while managing your budget and staying on top of your bills. There are several apps that can help you manage all these tasks from the smartphone in your pocket. Having the information you need at your fingertips can make managing your home a lot easier. Interior Décor Take a look at the Joss & Main app (available from the iTunes store) for a great example of interior décor guidance for homeowners. There are beautiful images, and the app offers...

Tenant Surprises: Dealing With a Hoarder!

Really it is never a dull day when it comes to dealing with tenants. As a property manager the more information we can give tenants and the easier we make it for tenants to follow our guidelines the better. But there are always days when we discover and tenant might have a different living standards than you expected and now what do you do? Property Problems: Dealing With a Hoarder Typical landlord worries include late payments, loud tenants and busy schedules. These concerns come with the territory, and most landlords have the experience and know-how to keep their properties...

How Property Owners handle Property Management.

One of my favorite things about the “by Owner” Corporate Housing Annual Report is getting the opportunity to see how things work and as we look more closely at the data it is not only a great look at the past but also a great tool for the future – Have fun… Property Management. 72% of respondents say they do all their property management themselves, down from 80% in 2012 and 86% in 2011. Respondents also used property managers (11%) and friends and family (7%) to manage their properties. 71.7% of respondents say they do all their property management...

Corporate Housing Rental Documents 101: The Rental Application – Update

In the past we have talked about the Rental Application. CHBO now has an updated Documents Library available for FREE in your CHBO DASHBOARD. These documents are now available both as PDFs and as Google Docs to allow you to copy, paste and edit these to best meet the details of your state, your property and your personal preferences. Login at CHBO to start using these documents today.   A rental application should include all the basic information about your prospective tenant, including their name, address, ss#, driver’s license number, employer, previous landlord, as well as the opportunity for them to disclose any...

Annual Report: Corporate Rental Rates!

Corporate Rental Rates Variances: Changes in Rates. 60% of respondents say they offered the same corporate rental rates in 2013 as they did in 2012. 33% reported they raised their rates in 2013, and only 8% of respondents lowered their rates. The latter is a big improvement compared to two years ago when 16% of people reported lowering their rates. Actual Rental Rates. The largest increase in corporate rental rates was for studio rentals, indicating increased demand. Average corporate rental rates went down for 1 bedroom, 2 bedrooms, and 4 bedroom properties, after being up in 2012. Rental Discounts....

Year of the Residential Real Estate Investor

Real estate investment tools are making it easier for individuals to succeed in residential real estate investments and all signs are pointing to 2014 as the start of mainstream acceptance of residential property investments. Kimberly Smith is a serial real estate entrepreneur who had spent the past few years trying to get a real estate investment book published with no success. Publishers just kept telling Kimberly “no one is buying real estate books.” Not a person to take no for an answer, Kimberly believed there was a huge need to support individuals understand that residential real estate is not...

Corporate Rentals and Light Bulbs best bang for the buck?

If you have been watching the news these days you should know that the 40 watt and 60 watt light bulbs are going extinct. The next time you go to the store to buy a light bulb for your corporate rental these bulbs will no longer be available on the shelf. For your entire life you may have been buying the same product and now you will be forced to change. So now what are your supposed to buy? Today we will look at LED vs Induction bulbs – for corporate rentals, these lights are currently the longest lasting and best light for...

Winner: iPad Air #189

Winner – Thank you to the hundreds of users who completed the Annual Survey – we had a record number of respondents this year! Selected at random, our iPad Air winner was survey #189, completed by Maja from Fayetteville, GA. Maja watch you mail box, your iPad should arrive shortly. We look forward to delivering the Annual Report on January 15th, 2014 and watch next year again in November for the next annual survey. NEWS: Did we mention that we will also be launching an updated CHBO site to make your property marketing even easier 🙂  We can’t wait!...