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...

Rentals: The 411 on Security Deposits

Security deposits are one of the most important tools you have to protect your rental property.  Maybe you don’t need them?  What is ARDI and LOR? CHBO Annual Report found 92.4% of “by owner” landlords regularly collect some kind of security deposit. Let’s discuss some of your common security deposit questions below… Do you HAVE to require a security deposit? No, you don’t. But if you choose not to collect a cash security deposit, instead consider offering Accidental Rental Damage Insurance (ARDI) – it’s a great alternative to the security deposit and offers the same protection. ARDI is insurance that covers accidental...

AvenueWest Corporate Housing Celebrates 15th Anniversary

This Colorado business shows staying power by finding solutions for customers in the economic and housing market’s ups and downs. DENVER, May 1st, 2014 – AvenueWest Corporate Housing, Inc., started as a small real estate management company but quickly grew to the largest provider of corporate housing rentals in Colorado, added a spin-off of Corporate Housing by Owner and is now the foundation for the national expansion of AvenueWest Global Franchise.  This month AvenueWest Corporate Housing is celebrating its 15th anniversary of doing business and providing solutions for property owners, corporate travelers and business owners alike. In 1999 Kimberly Smith...

Rental Success: Great Marketing Photos

Nothing can turn off a potential renter faster than low-quality marketing photos. Poor photos scream low-end, low-quality and not-so-attractive living space. Read our tips to ensure your pictures do your property justice! Photos and videos share a lot of information about your property.  These visual aids can make the difference in whether a potential renter is interested in your property. Mind Your Lighting: Let in as much natural lighting as possible when taking photos. Turn on all the lights to showcase your property’s beauty. Get Close: Take close up pictures of your property’s focal points to show off high-end details such...

Rent: Should You Take Credit Cards?

Accepting credit cards has its benefits:  Professionalism Convenience Competitive Advantage and more Learn why and how to accept credit cards by reading on. Yes!  Accepting credit cards is a must with corporate tenants who may be traveling on business and using the company card. It may be their only method of paying you. What are some of the other benefits to accepting credit cards? Professionalism: You give your tenants an expected level of professionalism and confidence that you’re running a real business. Convenience: You make it easy for them to pay you with little hassle and added work. They’re busy and...

10 Strategies: Best Property Listing

10 strategies for creating a listing that gets your property found and rented! It’s essential you complete your property listing to ensure maximum occupancy. For help completing your property listing, please review the CHBO Property Owner Handbook. To help you write a successful listing, we thought we’d share with you some of the common mistakes property owners make when writing their listings – mistakes that are sure to turnoff potential clients! 1. Not describing your property in great detail. Do your listing justice by referencing nearby attractions, businesses, amenities, etc. This will help your property show up in keyword search results....

Streamline Your Property Management Business With the Cloud

You have enough things to keep you busy with move-ins, move-outs, screening tenants and property repairs. Simplify your business by running it out of the cloud. Low-cost tools in the cloud give you access to your important information wherever you are. You’ll never have to be tied to your desk to do admin work again. Organize Your Tenant Information Customer Relationship Management (CRM) applications have been around for a long time. However, sophisticated features haven’t always been available for the small business. Cloud-based products such as Zoho CRM (ZohoCRM.com) let you keep your tenant information available wherever you are....

Corporate Housing Code of Ethics

How do you do business? What do you base your ethics on? The Institute on Global Ethics believes each decision is based on one of three foundations. What is best for me as an individual. What is best for my community. What is best for my world. For example if you decide to steal money from your employer that may be good for you as an individual but bad for your community.  When dealing with tenants and landlords, moving money around and keeping security deposits, breaking a glass or not reporting damage these are all actions that involve ethics....

Rental Properties: Keep them Safe

Wow, it is amazing how technology has changed and can make our lives so much easier (some of the time). With rental properties it is great when they are rented all the time, but especially when they are not, it is important to have the right tools in place to protect your investment. You have probably heard me speak about my love for the “Nest”. This new thermostat helps me save on my electric bills and is also a great tool to know if someone is in a property that is supposed to be vacant. The Nest, in addition...