How should I price my corporate housing rental property?

“How should I price my corporate housing rental property?” “When should I negotiate, and when should I hold firm on my rates?” What are the most asked questions at CHBO? You got it, “What are the current Corporate Housing Rental Rates.” Because these are the top questions we’re asked at CHBO, we’ve divided this topic into three sections in our CHBO Annual Report: Variance, Actual and Discounts. Variance: Changes in Rental Rates We asked respondents to evaluate their current rental rates compared to the previous year for the exact same rental property.   The great news is that 39%...

The Value of Corporate Housing by CHPA

Never underestimate the true economic value of corporate housing! In our ever changing world of hospitality choices it is easy to blur the lines from one lodging solution to the next. However as a lodging consumer or regulator it is vital to understand the differences so the sins of one product are not inadvertently applied to the wrong industry. CHPA, The Corporate Housing Providers Association is working diligently to better educated everyone on the differences and benefits of professionally managed business corporate housing rentals vs other rental options found in today’s share economy. Please help spread the word of the importance of professional corporate housing. The following...

3 Ways Short Term Rentals Will Always Be Better Than Hotels

If we were to quickly summarize the three ways that short term rentals are always better than hotels, our list might look like this: More privacy More space A lot more money in the pocket After all, furnished rentals are usually properties that initially were built as homes or as seasonal homes for people who enjoy vacationing or staying in an area. Unlike the hotel-based corporate apartments commonly used, privately owned corporate housing (also described as corporate housing by owner) tends to look and feel nothing like a hotel. The furnished housing of this kind will include apartments, condominiums,...

City Spotlight: Dallas Corporate Housing

When you find out that you will be moving to Dallas for work with your company, whether it’s a permanent job or a temporary transfer, the information can be daunting. You need to make sure that you have a great place to live when you get there, but you do not know how to find the best Dallas Corporate Housing. Fortunately, it doesn’t have to be too difficult thanks to Corporate Housing by Owner. In this city spotlight on Dallas, we’ll be looking at some important information about the city including things to do when you arrive and settle...

Investor Tips: Corporate Rental Home Upgrades

One of the great things about a CHBO Complete corporate rental home is that the property owner has paid attention to all the important details both big and small that will make any extended stay renter feel right at home. This is way 18% of CHBO renters last year rented for a year or longer. Since we are experts in corporate housing and not in home decor, I thought you could use some simple tips from a real decor expert – Kimberly Easy Ways to Upgrade and Make Your Corporate Rental Feel Like Home By Jennifer Lutz Renting out your...

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...

Top 3 reasons to market your rental property on CHBO

1) All property listings are optimized for unique Key Word searches both on CHBO and for all major search engins. 2) CHBO is the only rental property marketing site that market and worked for 8 years to develop relationships with Corporate America and businesses in need of corporate housing. 3) CHBO already has thousands of corporations registered who utilize CHBO on a regular basis to solve their housing needs.   thanks chbo… “We listed our downtown Nashville condos on corporatehousingbyowner.com” And within 48 hours received a qualified tenant. We were a bit nervous because this was our first rental property....

Corporate Housing: Rental Rate Increase

From time to time I always think it is important to pause in our crazy life of corporate housing to better understand the big picture and how we fit into it. I was recently helping market our new Managed Corporate Housing office: AvenueWest Phoenix and I know there is a big difference between the standard Serviced Corporate Apartments, Managed Corporate Housing and CHBO by Owner Corporate Housing but I was still really surprised at the positive reactions I had to the amazing rentals this office offers. Length of Stay: A lot of times when I am trying to describe the difference...

How to Prepare a Property Manual

To ensure a positive stay for your tenants, we recommend preparing a detailed property manual and leaving it inside your property in an accessible place. Read below for more information or discover our new book, “Making Money with Rental Properties“ about how to prepare this important manual for your rental property.   An important part of being a successful landlord is how you manage the tenants that stay in your property. They may “live” in your property but they may not know how to do simple tasks like using your appliances, adjusting the thermostat and/or driving to the nearest grocery store....

Annual Report: Corporate Properties

Corporate Properties Property Size / Number of Bedrooms. The highest percentage of “by owner” rentals continues to be two-bedrooms (38%). In addition, 29% of respondents say their rental corporate properties have three bedrooms or more. In contrast, in the full-service, corporate housing industry, the majority of rentals are one-bedrooms. The availability of additional bedrooms makes the “by owner” corporate housing segment an attractive option to renters. Property Type. Whereas the majority of corporate rentals in the full-service corporate housing industry are apartments, only 12% of “by owner” rental properties are apartments, according to survey results. Single-family homes make up...