Rent Negotiating Strategies – how to get renters to pay your rate

Are potential tenants constantly trying to negotiate your price?  Are you worried that you’ll sour the deal if you don’t discount? In general, tenants always ask for a lower rate or rent negotiating. It seems like no one wants nor expects to pay full price for anything…period. But if you’re like us, you want to get a reasonable rate because you’ve priced your property strategically from the start. Here are a few tips to help you get the price you want without souring the deal: Anticipate and Accept the Negotiation. You have researched your market, you know the comps and...

4 Reasons You Should Conduct Background Checks

Don’t forgo the background check or you may be sorry. Read more about how a simple background check can save you from a lot of hassles in the long run. For many property owners, going through the process of conducting a background check on prospective renters may seem like just one more hassle and/or cost. Many property owners will rent out a property to someone because they “have a good feel” for the person upon their initial meeting. Good feelings aside, however, you honestly have no idea who a prospective renter really is. Before you trust them with your...

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...