Offering short term housing can be an excellent decision for many people who reside in cities. It can also work well for those in suburbs or other locations – but knowing your potential pool of tenants can be a huge help. If you’re interested in offering a corporate rental to the world, there are many types of tenants that you can market to. Once you know what your options are, you’ll be able to move forward with this endeavor with full confidence....
Airbnb and other travel sites have created a trend in people renting their homes as vacation properties. Now that we’re living in a pandemic, though, more people are seeking out corporate rentals, not just vacation getaways. How can you go from offering a vacation home to a corporate rental? It’s not as hard as you think. Even if you’re in a non-vacation city, you can still create an income as an Airbnb or other corporate rental host. Here are some of the great markets that you’ll find to reach out to when you want to make income from a...
If you spend a lot of time traveling for business, you’ve probably become familiar with hotels and what their significant downsides tend to be. Most of them don’t have quite enough space, don’t offer appliances so you can cook, and offer up extraordinarily little privacy. These things, and others like them, are why many people choose to try out short-term corporate housing....
A recent online discussion between owners of furnished rentals sheds interesting light on a lesser discussed matter – property exteriors. After receiving poor customer feedback due to the appearance of a back patio, one owner of short term housing wanted to know what fellow owners thought. The responses were intriguing and enlightening. So, if you are someone who offers furnished rentals, here are a few tips to consider: All outdoor areas in short term housing should be well-kept without any dead plants or overgrowth, but formal gardens are not essential. Do put empty pots and gardening tools away for...
Most of us understand that businesses are run on “business models”. There is not a lot of room for flexibility within many business models, and once a company or enterprise gets started along one path, switching its approach can be detrimental. That, however, does not apply to corporate rental real estate, and it is one of the finest business models available. When looking for a solid investment with a nearly guaranteed return, corporate rental real estate is the model to consider. Experts talk about this approach to the “land-lording business” as capable of generating eight to ten times the...
As a short-term housing property owner, you want to minimize the time your property stays vacant. If you have beautiful short-term apartments in an attractive neighborhood with a lot of amenities, you might be wondering why you should care about getting tenant reviews on your properties. After all, don’t your pictures and description speak for themselves? Tenant Reviews Can Make All the Difference You may have a number of beautiful images of your property, as well as a detailed description with a full list of all of the amenities available to your short-term housing tenants. However, for people looking...
Whenever you are offering short term housing, or looking for corporate housing, it’s a good idea to familiarize yourself with some of the most important rental regulations and laws in Portland, Oregon. It is important for landlords who are offering Portland corporate housing to remember that even though they may be offering short term rentals, the same laws will apply. Landlord Disclosure Laws in Oregon When renting out housing in Portland, it is important that the landlord make certain things clear and understandable to their tenants before they move into the property. Let’s look at the most important disclosures...
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 Housing is the solution smart insurance adjusters offer you when water and other damage forces you out of your home. Welcome to summer – tis the season for water damage! Maybe it is just me, but there seems to be more that our fair share of too much water. One of my neighbors was just washing a pair of baseball pants, turned the sink water on and forgot about it for a few hours. After a month of cleaning and drying the entire family, dog and cat all need to move out for at least 2 weeks while...
You see those colorful U-Haul trucks making their way throughout America. But have you ever wondered where they’re all going? According to data from U-Haul, a large number of people are relocating their lives to Houston, TX. In its National Migration Report, U-Haul ranks the top 50 cities where Americans are moving. The 10 top moving destinations are: Houston, TX Orlando, FL Chicago, IL Las Vegas, NV San Antonio, TX Austin, TX Brooklyn, NY Philadelphia, PA Kansas City, MO Sacramento, CA Click here to see the entire list of the top 50 moving destinations in America. Are you relocating...