Rental Market Archives

April 23, 2012

Simple Ways to Make Your Corporate Rental Property Green

Greening your furnished rental property doesn’t have to be time-consuming. That’s why this first post-Earth Day post we decided to share some very simple ways to add some eco-friendly touches to your property. Stock property with recycled paper goods such as recycled toilet paper, paper towels and tissues. Leave bio-degradable and non-toxic agents inside your furnished corporate rental home. This way your guests are encouraged to clean with green products and you know the property is getting cleaned using safe and healthy cleaning products. Change your lightbulbs to compact fluorescent bulbs to reduce the energy use in your corporate rental....

April 11, 2012

Where the Young Professionals Work, Play and Rent

Gen-Xer’s are those born between 1960 – 1981. They comprise one of the most mobile workforces in our country. Why? Experts say that on-the-go Gen-Xer’s are on the look out for career advancement opportunities and are willing to go the distance to find them. They are anxious to build new networks and restless to learn new skills. That leads us to the point of this Boston, MA – Unique neighborhoods, a collegiate scene and a start-up hotbed make this city attractive to the young-ins. post – where are the young people living, working and renting? This article on the Realtor.com website lists the top...

April 4, 2012

Tips on How to Be a Successful “Accidental” Corporate Housing Landlord

It seems like “accidental” landlords are the norm today. These are homeowners who want to move but can’t sell or don’t want to sell their homes at a loss in this tough housing marketing. The problem is many of these individuals aren’t the “normal” landlords that spend years honing their property management craft; rather, they have little to no experience in preparing, marketing and managing a rental property. If you’re new to this landlord business, here are three key tips on how you can turn your accident into a success: Be different. There are a lot of accidental landlords...

February 15, 2012

How Many Bedrooms are in a Typical Corporate Housing Rental?

We’re continuing our blog series to share key findings from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends. An essential difference between the standard corporate housing industry and the “by owner” segment of the corporate housing industry is the size of property that’s rented – and more specifically, the number of bedrooms. From our annual “By Owner” survey, we learned that properties run by private owners are generally larger in size and bedroom count...

February 9, 2012

Rental Property Retention Strategies: Tips to Kick-Off a Strong Year

Ashley Halligan, an analyst at Software Advice, provides us with some rent al property management software reviews and strategies for 2012. Many of these tips can be applied to corporate housing rental property landlords and managers too. A 2011 SatisFacts study estimated the average cost of a rental property turnover adds up to $3900. After days lost to vacancy, repairs, standard maintenance, professional cleaning and marketing, the overall cost of turnover can sometimes equal several months of rental income. Encouraging lease renewal is a cost-saving focus that all property managers should have strategies for. After conducting interviews with leading...

November 28, 2011 Post a Comment

Worried About Selling Your Home During the Holiday Season?

With Thanksgiving, we have entered the official start of the holiday season. Is your home or investment property currently on the market for sale? Have you noticed a slowing of showings or interest now that the weather is turning and people are busy with holiday plans? his is typical for the time of year and does not mean your property won’t eventually sell. However, you may want to reconsider selling your home during this seasonal time. A strategy to consider instead is delaying the sales process and renting out your property as a corporate rental until the busy home...

August 23, 2011 Post a Comment

Buying is Cheaper Than Renting in Most US Cities – But Does it Make Sense for You?

According to the real estate website Trulia, buying was cheaper than renting in 74% of the country’s 50 largest cities in July 2011 . Experts say it may be cheaper to buy than rent for a number of reasons: Rock bottom interest rates. In early Aug. 2011, a 30 year fixed was just 4.19%! Home ownership comes with tax perks that renters don’t get to enjoy – you get to deduct your mortgage interest as a homeowner. You don’t get to deduct your rental fees as a renter. Low prices – it’s a buyers market and prices are lower than...

August 17, 2011 Post a Comment

What to Know Before Investing in Corporate Housing

According to RealtyTrac, the nation’s largest database of current real estate data, the current decline of interest rates combined with the continued drop in real estate values has made 2011 a great year to consider investing in real estate if you can. For those considering investing in real estate, the National Association of Realtors forecasts a decline from 5.8% to 4.9% of vacancy rates during the first quarter of 2012. These are positive numbers for anyone considering purchasing an investment property they might want to rent out. If you have decided to jump into the real estate investing arena,...

August 5, 2011 Post a Comment

As Vacation Home Sales Falter – Owners Turn to Renting

USA Today reports more Americans are renting out their vacation homes, because they can’t sell them or are unwilling to sell for a loss. The rental income allows them to stay afloat while waiting for the vacation home market to pick back up again. While the overall housing market remains in a deep slump, the vacation market is in even worse shape. Sales of vacation properties have been cut in half from their peak in 2006, before the financial crisis hit. Just last year, median sales prices of vacation properties dropped 26.5 percent to a record low of $150,000....

June 29, 2011 1 Comment

Temporary Housing Sees Boom As Americans Go Where the Jobs Are

The declining housing market is definitely a large part of the troublesome economy, but one part of the housing market that is seeing a boom is the corporate housing sector. Americans are beginning to face the facts and are relocating for jobs or traveling to cities where they know they will find more work. Because it is difficult to sell their homes and purchase a new home in the city they are moving to, corporate housing has become an option – even the key solution – on both ends of the spectrum. “Homes are the burden around their necks...

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