CORPORATE HOUSING AND FURNISHED APARTMENTS LANDLORD AND RENTAL BLOG BY CHBO
Are you in the midst of furnishing a rental in order to begin offering it as a long-term or corporate rental? If so, you don’t have to worry a great deal about finding items suitable for your use, but there are some tips that can help you with furnishing a rental quickly, but also saving money and effort over the long-term by making the savviest choices....
Here at CHBO we know that corporate housing is just one small piece of any company relocation or individual relocation. Our primary goal at CHBO is to quickly connect those in need of furnished monthly residential housing with the right property to meet their needs. In addition CHBO is passionate about being a knowledge base for all the ins and outs of property management, corporate housing, business travel, corporate relocation and all of those elements that intersect with corporate housing, so today here are some company relocation tips… The decision to relocate a business is typically no different than relocating...
Whether you’re an individual relocating to a new city for work or you’re in charge of facilitating employee relocation for your business, you should be aware of the key elements for a successful relocation. You already know about compensation and other factors, but have you considered corporate housing? When employees move from one area to another, staying in a furnished apartment can be a more hospitable way to ease the transition and save money at the same time. How Employees Benefit From Corporate Housing On the employee side, staying in a furnished apartment is a lot more comfortable than...
We’re seeing a major change in the world of real estate right now, and its due in large part to millennials, who are coming of age and entering the workforce. As they get beyond their college years and look to their options for renting or buying property, these young professionals are changing the world of real estate in a few very interesting ways. They’re More Mobile In years past, people would get out of college, get a job, and settle down. Today, though, millennial workers are looking all over the country for new career opportunities. They’re more interested in...
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,...
If you’re new to the corporate housing world and/or you aren’t getting as many renters as you would like for your furnished rental properties, you might need some help with your listings. With these five simple but proven tips, you could see a major improvement in your occupancy and your nightly rates. 1. Ever Thought of Doing SEO of Your Property? You’ve no doubt spent a lot of time and effort making your listings look beautiful with professional photos that perfectly show your property, but have you made sure that you’re searchable? A lot of potential renters in the...
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...
“How should I price my corporate housing rental property?” “When should I negotiate, and when should I hold firm on my rates?” What are the most asked questions at CHBO? You got it, “What are the current Corporate Housing Rental Rates.” Because these are the top questions we’re asked at CHBO, we’ve divided this topic into three sections in our CHBO Annual Report: Variance, Actual and Discounts. Variance: Changes in Rental Rates We asked respondents to evaluate their current rental rates compared to the previous year for the exact same rental property. The great news is that 39%...
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...