Investing: What to know!

6 MUST Knows before investing in a Corporate Housing Rental Property! If you’ve decided investing in corporate housing is right for you, here are some important considerations to make before you purchase a property specifically for use as a corporate housing rental. Evaluate Price per Square Foot Evaluate price per bed, not price per square foot. While some people think more space or a bonus room are great perks for a home they are going to live in, keep in mind that it’s just added liability for a home you plan to rent.  Purchase the smallest square footage with the most...

Corporate Rental: Tips for Getting the Lighting Right

Have you ever walked into a corporate rental or a hotel room and can’t figure out how to turn the lights on? There is nothing more frustrating than needing to read a report for the big meeting the next day and there is no location in the corporate property with the right lighting to read by. At CHBO we work with a lot of property owners and it is essential that ever property have the right photos with the right lighting if they are going to attract the right renter. This week we thought sharing the ideas of a...

Home or Condo? What to buy while investing in rental property?

Home or Condo? What to buy when you invest in a rental property? 5 Must Consider factors before you invest in a rental property! What makes a better corporate rental: A single-family home or a condo? This is the million-dollar question in corporate housing, and it’s just one of the considerations to make when deciding the right type of corporate housing ‘investing property’ for you. Obviously, there are many other factors, too, so do your homework and take a “gut” check to find out what kind of investor you are and what type of property works best for you. Consider these factors...

Tips: Reduce Liability

12 Tips for Reducing Your Rental Management Liability: Adding rental and property management services can boost your profitability. Be sure to protect those gains with these 12 risk-management ideas. By G.M. Filisko It can be a wise move to broaden your business base by expanding the services your brokerage offers, and handling rentals and property management is a natural segment into which to expand. That’s especially true given market changes in the past few years. “For the past couple of years, we’ve seen more first-time landlords—people who couldn’t sell their home and wouldn’t have ordinarily been landlords,” explains T.J....

Leasing: Tenant wants your furnished rental property

The Tenant Wants Your Property, Now What? Time to Lease.   The 3 step process… Congrats you found the right property, got it ready, did the right marketing and now a tenant wants your property. Remember this is great news even though new landlords may start to feel overwhelmed and not know which direction to turn at this point. Once again life is all about one step at a time and just knowing where to find the right information is all you need. Step one is as simple and doing a casual Q & A with the potential tenant. ...

Tips: Tenant Reviews

Have you also discovered Cottageblogger.com? They are one of my favorite blogs for great ideas and tips on furnished rentals. Since Tenant Reviews are so important on your CHBO property listing for connecting with that next great tenant I asked Cottage Blogger if we could re-post this and they said yes. Thank you to Heather Bayer for all your great information we all really appreciate your willingness to share – Kimberly 10 WAYS TO PREVENT COMPLAINTS AND NEGATIVE TENANT REVIEWS FOR YOUR VACATION RENTAL Oh no…..a negative review! The day you get the first of these is never a happy...

Alert: Craigslist Rental Scam

Thank you to Sherri for taking the time to make this post about her experience with a Craigslist Rental Scam: Sherri Bell on June 10, 2014 at 12:30 am said: “I was at my rental property and some people stop to ask if I was renting my house. It is listed with CHBO so naturally I said yes. They then asked if I had it listed on craigslist, to which I replied NO! They showed me the add, and we both flagged it! They simply copy and pasted my CHBO listing. I know this is a common occurrence, but I just wanted...

Corporate Housing: Rental Property Upgrades

Yes you need to upgrade your rental property! Business Travelers and the Corporate Housing Tenants you are looking for expect your rental property to be upgraded and in keeping with their professional standards. If you choose the right property upgrades you will increase the value of the property, increase the rental rates you can charge and make you tenants happier and stay longer because they are comfortable in the corporate rental you provide – Kimberly Home Depot and Rheney Williams have some ideas for you: Considerations for Fixing Up Your Fixer-Upper Kitchen Our first home was far from our...

Should You Raise Your Rental Rate?

Is it time to raise your rental rate? Read below to learn if your corporate housing rental property is priced right… hint, assess your property regularly against the competition. Read more below… As a do-it-yourself corporate housing landlord, you may wonder how your rental fees compare to comps in your area. The housing and rental markets are rapidly changing, so it’s important to assess your rates at least quarterly to make sure it’s on par with the pack. Remember, your rental rate should have nothing to do with your costs. Rather, your rate should be determined by the fair...

Don’t Let Bed Bugs Take a Bite Out of Your Rental Income

Don’t let these pesky insects ruin your property and your reputation! Prevention! Protect a Bed! With bed bugs on the rise, particularly in hotels, the situation has put corporate housing landlords on notice.  Let’s take the time to answer some of your pressing questions about bed bugs: How are bed bugs introduced to a home? Bed bugs are introduced into homes and buildings via luggage and personal belongings of guests and workers. They typically take up residence in beds, but are often found on carpets, luggage, sofas and behind wall hangings too. Do bed bugs carry diseases? While bed bugs don’t...