Annual Report: Corporate Rental Rates

Corporate Rental Rates Variances: Changes in Rates. 60% of respondents say they offered the same corporate rental rates in 2013 as they did in 2012. 33% reported they raised their rates in 2013, and only 8% of respondents lowered their rates. The latter is a big improvement compared to two years ago when 16% of people reported lowering their rates. Actual Rental Rates. The largest increase in corporate rental rates was for studio rentals, indicating increased demand. Average corporate rental rates went down for 1 bedroom, 2 bedrooms, and 4 bedroom properties, after being up in 2012. Rental Discounts....

Year of the Residential Real Estate Investor

Real estate investment tools are making it easier for individuals to succeed in residential real estate investments and all signs are pointing to 2014 as the start of mainstream acceptance of residential property investments. Kimberly Smith is a serial real estate entrepreneur who had spent the past few years trying to get a real estate investment book published with no success. Publishers just kept telling Kimberly “no one is buying real estate books.” Not a person to take no for an answer, Kimberly believed there was a huge need to support individuals understand that residential real estate is not...

Alert: Apple iCloud and Contacts

I know this in not about real estate, rentals or corporate housing, but it took me 4 hours to get my contacts back and I wanted to share what I learned and save you some heartache along the way. If you are currently utilizing Apple Contacts and/or ICloud you need to read this… Step 1) Change your ICloud Password NOW and get in the habit of changing it every few months. Step 2) Don’t trust Time Machine to properly backup your Contacts database. Go into Contacts,  click on any contact then select Edit, choose Select All, select File, choose Export, then decide how you want to export your backup....

Top Corporate Housing Lease Documents: Tenant Communication – Part 3

I was recently reviewing the visitor stats for the CHBO blog and what I learned is that more than anything you wanted to know about corporate housing lease document so I thought it would be helpful to summarize the top corporate leasing documents you NEED to KNOW about. I have broken the information down into 3 sections: Corporate Leasing Documents, Property Forms & Tenant Communication. Tenant Communication Forms Acceptance Letter The acceptance letter is to notify an applicant of approved rental. Inform a new tenant of information such as address, rent amount, and important local services and providers. Departure Confirmation This is the written...

Corporate housing Lease Documents: Property Forms – Part 2

I was recently reviewing the visitor stats for the CHBO blog and what I learned is that more than anything you wanted to know about corporate housing lease documents so I thought it would be helpful to summarize the top corporate housing lease documents you NEED to KNOW about. I have broken the information down into 3 sections: Leasing Documents, Property Forms & Tenant Communication. Property Forms Appliance Tracking Sheet Before you rent your property make a complete list of all the property appliances including year purchased, make, model, serial number and general condition.  Update this list between each renter.  These details will...

Successful Corporate Housing Landlords Give Back

Give Thanks this Thanksgiving and give back to your community and the world. At CHBO we have always believed that part of being a successful corporate housing landlords is giving back to your community. We call it CHBO Gives Back and during this season of thanksgiving we wanted to share an opportunity for you to join in all the fun. In the spirit of Thanksgiving CHBO is excited to support Clinica Verde in their current Crowdrise Campaign. GOAL: This month we are trying to reach as many amazing people as possible and we need your help and $10. Click the...

Tip: Learn more property management with NARPM

Have you heard about NARPM? The National Association for Residential Property Managers I have found over the years that this has been one of the most valuable memberships I have had.  Through their educational and informational content I have gained useful tools, tips and ideas and I am kept up to date on new laws that can make a big difference in how I manage real estate. When I was getting started in my real estate property management career I found attending local monthly NARPM lunches also connected me with great vendors and new ideas that made my business...

Yes, Government Shutdown Influenced Corporate Housing

Over the years I have watched a lot of trends with Corporate Housing and if there is a week when my phones are slow I always want to know why so I can take proactive actions to get the results I am looking for. I was talking with the owner of AvenueWest Denver, a Managed Corporate Housing Real Estate Brokerage, who has over 100 private residences throughout the Denver Metro Area that are managed and offered as full service corporate housing rentals.  AvenueWest Denver is also approved to be a government housing vendor through their GSA vendor program so...

News: AvenueWest Managed Corporate Housing Expands to Phoenix

Frequently you all ask us about WHO can managed your corporate housing rental properties and we are working on developing more AvenueWest Managed Corporate Housing offices to help you out. Before we started CHBO… We started AvenueWest Corporate Housing a real estate brokerage located in Denver, CO that focused on managing fully furnished private residences for real estate investors offering these properties as full service corporate housing properties to business travelers and others in need of extended stay rentals. Because the demand for private residence corporate housing was bigger than we could service we started Corporate Housing by Owner...