Make Your First Real Estate Purchase an Investment – Yes or No?

A recent article in the New York Times explored an interesting phenomenon in New York City. More and more people who live and work in Manhattan and Brooklyn are renting apartments in the city during the week and purchasing houses outside of the city where they spend their weekends. This trend is not only interesting to homebuyers in New York – it should also be very intriguing if you’re considering your first real estate purchase (whether you’re in New York or anywhere else in the country). In fact, this should have you considering buying a temporary furnished apartment as...

Do “Tiny Apartments” Make Good Corporate Rentals?

New York Mayor Michael Bloomberg has asked real estate developers to create “tiny apartments” of about 300 square feet each in order to meet the housing needs in New York. If you’re in the corporate housing business, you may be wondering if a tiny apartment would be a good investment for you. I asked the co-founder of CHBO to weigh in on this hot topic. Here’s what she had to say: “The first condo I ever bought was only 400 square feet – a tiny apartment in San Francisco! I think these properties offer wonderful opportunities for individuals who...

Corporate Housing Isn’t for Everyone. Do You Have What it Takes?

With more investors coming into the marketplace looking for good deals on real estate, we want to address what it takes to be a corporate housing landlord. While corporate housing can be quite lucrative and make your property stand out in a sea of available rentals, it’s certainly not the right strategy for everyone. Ask yourself the following to determine if corporate housing runs in your blood: Is Your Location Right?: Corporate housing locations can be quite different from properties that make great traditional rentals. Corporate housing thrives in urban and business areas where executives travel to often. It...