Rental Management: Software for your Corporate Apartment

So if success is defined by setting customer / tenant expectations and then meeting or exceeding them you may need some additional property management software tools to help with the management of your corporate apartment and to save you from the physiatrist! HELP! Ok where do you start? I have always used property management software that allows me to track all my property details and all my tenant details in one place.  What I need is at least… Cloud Based. Reservation Board. Accounting. API Feeds (ex send my availability calendar directly to CHBO). Mobil Property Inspection Forms. Cloud Document Sign and Store....

City Spotlight: San Francisco Corporate Housing

The San Francisco corporate housing market is one of the brightest and most active in the country. There’s a simple reason for that—money. Due to the large number of tech firms and other corporations in the area, homeowners, landlords, and property management companies are seeing great profit potential in offering temporary lodging. Some of the short term tenants are tourists and visitors, and others are corporate executives who are transitioning to new permanent housing in the area. In any case, the San Francisco corporate housing companies are growing quickly and doing very well in a crowded market. Because of...

Corporate Housing: Who, What, Where & Why #5

So many questions so little time… Here at CHBO we are passionate about people and finding ways of connecting the best possible corporate housing options with the best qualified renters. For over 9 years CHBO has worked to develop a web platform to connect the world of travelers and the world of corporate housing rentals. Now for the 6th year we are conducting our annual survey of the corporate housing real estate industry from which we are able to provide the Annual Corporate Housing Real Estate report on the trends and expectations of our industry. Your information is essential...

Property Management & Design: Manage Winter Cold with Window Coverings

I don’t know about you, but here in Denver it just dropped 20 degrees in the last hour and now I am just looking out my windows waiting for the snow to start. At my house we just swapped out the screen door for the glass insert, disconnected all the outdoor hoses from the house and swapped out the filters in the furnace. What do you do to get your house and your rental properties ready for managing winter cold? As a Canadian I often get asked if I just like the cold. My response is aways, “No I...

Real Estate Investing: When is it Time to Buy or Sell?

When is real estate investing the right decision for you and for the market and would a corporate rental property be a good idea? I was meeting with my financial advisor this week and we were discussing “Dollar Cost Averaging”. According to Wikipedia “Dollar cost averaging (DCA) is an investment strategy for reducing the impact of volatility on large purchases of financial assets such as equities. By dividing the total sum to be invested in the market (e.g. $100,000) into equal amounts put into the market at regular intervals (e.g. $1000 over 100 weeks), DCA reduces the risk of...

Book Review: Making Money With Rental Properties

Idiot’s Guides: Making Money with Rental Properties Earlier this year I published a book on the entire scope of residential real estate investing from understanding what kind of investor you are to finding and renting the property. What do people think? This is what Andrew Waite publisher of Personal Real Estate Investor Magazine had to say. “Welcome to the opportunity to “get rich slowly and surely” by investing in rental properties. Direct ownership of well-bought rental properties offer three opportunities; first to earn income, then to shield that income from taxes and finally to watch the asset grow in value. Simply...

Does Your Rental Property Need a Virtual Tour?

81% of U.S. tenants use Virtual Tours as a resource when they are considering a rental property. 15% tour the property in-person. Once you’ve spent an hour or less creating a virtual tour, you have essentially created a round-the-clock online Open House that buyers can conveniently experience from their home or office computer. Amazing, right? If a tenant is interested in making an appointment, he or she can immediately click on your virtual tour button and instantly make a decision on your property without contacting you for an appointment. Amazing again!  That said, a Virtual Tour isn’t a substitute...

Taxes: Deduct These Expenses From Your Rental Property

Wondering what expenses you can and can’t deduct come tax time? Many property owners wonder what expenses can legally be deducted from their income. This article will give you some general guidelines, however, you should always consult your accountant and financial advisor for specific advice. Maintenance Fees: Consider deducting any expense you incurred for cleaning, lawn maintenance, painting, carpet cleaning, pest control, and any other general maintenance fees. Also, you may be able to deduct mileage to and from your property, so it’s worth keeping track! Marketing Fees: You can deduct any expense incurred by marketing your property, from hiring a...

3 Rules to a Profitable Corporate Rental

3 rules to creating a profitable and more successful rental property!  Attention to detail is a MUST! At CHBO, we believe your ability to attract and retain tenants depends on each customer‘s experience with you and your property. Careful attention to detail is critical. To help you create a profitable corporate rental and more successful corporate rental business, remember to follow these three crucial elements: 1. Properly prepare your property: How you physically set up your property (such as your furniture, utilities, linens, etc.) is of the utmost importance. A clean unit is the first step to creating a “first...

CHBO Bulk Owner: Marketing Multiple Properties

Be a CHBO Power Owner!   If you have five or more rental properties that should be marketed on CHBO then you are a Bulk Owner and qualify for special benefits. If you need to market multiple rental properties CHBO is the place to be to maximize your exposure and your profits!  CHBO’s Bulk Owner Program allows companies with multiple properties to add their entire inventory of individual properties to CHBO. Then depending upon which bulk package they choose (5, 10 or 25) companies can strategically choose which properties they’d like to activate on the CHBO website. The benefit of adding...