Tips to Help Find Temporary Furnished Apartments Near Work

If you’re moving to a new city for work, even just for a few months, you’re going to have a lot on your mind. Most pressingly, you’ll have to find a place to live when you arrive, and that can be the most stressful part of the whole process. After all, if you’ve never been to New York or Las Vegas, how are you going to pick the best neighborhood to live in while you get to know the area and choose a permanent home? You could just look at a map of the area, pinpoint where you’ll be...

Why it matters: Airbnb hires hospitality expert!

As a former San Franciscan I am very familiar with the Joie de Vivre hotels. I know we all have our favorite Joie de Vivre hotel – each one with its own charm, theme, great customer service and unique lodging experience.  So really it was no surprise to hear that Airbnb just hired Chip Conley the founder of Joie de Vivre as their new Head of Global Hospitality. Head of Global Hospitality?   Nice title, but what does that really mean?  I think it means that Airbnb came up with an interesting idea to connect couches and rentals with travelers but they have come to...

Real Estate Trend: Divorce & Equity!

I loved this headline in the Orlando Sentinel: “Till equity do us part” I guess the new real estate trend is to stay married when you can’t afford to get divorced and as soon as there is enough equity in your real estate then that it is time to get a divorce.   Pre-recession unhappy couples got divorced and then fought over the kids. Then the trend during the recession was to stay married because divorce just increased their mountain of debt. According to the article, “Local lawyers and real estate agents say what’s happening is obvious: After years...

Red Flags When Screening a Corporate Housing Tenant

I’ve been in the property management field long enough to know red flags when I see them. You know, the tenant calls you and something just doesn’t feel right. In my experience, here are some red flags every corporate housing landlord should be on the look out for: A tenant who doesn’t want to complete the rental application. Every tenant should complete the rental application with a few core exceptions. For example, if the tenant has had their identity or credit card stolen, you may consider waiving the rental application. Also, elderly clients and someone who has never leased a property...

How to Live Like a Local on Your Next Business Trip

A great way to experience a new city as a business traveler is to book accommodations in a corporate rental instead of a hotel. Why? First of all, hotels can be isolating for someone visiting a new city. A hotel feels like you’re a tourist and you’re holed up in a small hotel room alongside other transient guests. However, staying in corporate housing allows business travelers to live like the locals do. From experiencing a new residential neighborhood and meeting people who live in the area to providing access to the creature comforts of home like a full sized...

A New Website/Tool for the DIY Landlord

Do you need help eliminating specific tenant problems or are you seeking the right resources to obtain key rental forms? We’ve come across a great site – the Landlord Protection Agency (LPA). LPA provides everything you need to manage your property safely and effectively through a variety of essential forms and services. The LPA site gives you access to quality advice from real estate experts and successful landlords. A unique tool that property managers shouldn’t be without is the Lease Obligations Reminder Letter, also available on the site. It’s an effective form for LPA members that allows the landlord...

Year End Tax Tips for Furnished Rental Properties

December brings holidays, presents, joy, eggnog and, of course, year-end tax planning. Most of us need to make sure our company’s financial house is in order before midnight rings in on New Year’s Eve. If you’re not doing so already, you need to think of your rental property as a “company,” and one that requires proper tax planning. Here are some tips to get you started: Cross check your expenses with your income: If you’ve had a great income producing year, it’s likely you have had only a few deductions. If you want more deductions so you can lessen...

Ask lots of questions before renting a property

Before renting a corporate rental, it’s important that you ask the right questions of whoever you’re renting from, whether it’s directly from the landlord or from a property manager. Here are some questions to get you started: Rates: What does the monthly rate include? Are there special rates for longer stays? Are there other fees I should know about? Location: Is there a local office or on-site contact available round the clock should I need help or have an issue? Services: What additional services do you provide? For example, is there 24 hour maintenance service or on-site gym? Accreditation:...

Is the housing market getting worse?

Last week, Fiserv(R) released its home price trends analysis report based on the Fiserv(R) Case-Shiller Indexes(R). Highlights from the report say things may (or will) get worse before they get better. Here are some findings: In Q2 of 2010, U.S. single-family home prices rose an average of 3.6 percent over the year-ago. The rise is due to strong price increases in high-priced markets like San Diego, Washington, D.C., and San Francisco. Despite the 3.6 percent gain, prices fell in 70 percent of the 384 U.S. metro areas compared to Q2 of last year. Some markets, like Detroit, Boise, Idaho,...

New Survey to Identify “By Owner” Corporate Housing Trends

Last year’s 2009 “by owner” CHBO research gave property owners insights about where to market their properties, how much to charge and what to include to get the highest occupancy possible. The survey results were well received and even were mentioned last month in The New York Times!   If you have a furnished monthly rental property that you’re managing yourself, we invite you to participate in this confidential research and receive a complimentary copy of this year’s report. We know this research is not complete without your help – we are so grateful to our loyal customers for their...