Most Corporate Housing Landlords Require Security Deposits; Few Require Insurance

We’re continuing our blog series to share key findings from the 2011 “By Owner” Corporate Housing Report, an annual survey sponsored by CHBO to better understand the “by owner” rental marketplace. The latest report was released in January 2012 based on 2011 trends. How do you protect your property from potential loss? How do you entice a company or tenant to rent your property when a deposit is required, when these travelers can stay in hotel housing without having to pay those types of fees? It’s essential to understand what the industry standards are – and how to protect...

Leasing Tip of the Day: Be Honest

This tip comes from Ashlei Smith, our resident Corporate Housing Leasing Agent Be honest about your property details and any other important information that would discourage/frustrate a renter once they move in. Photos of the inside/outside/neighborhood as well as details like a walk score included in your listing are the best way to honestly represent your property. The benefits from being honest outweigh the benefits of getting a renter by ‘excluding’ negative information about your property. Why? Because it essentially benefits YOU, the owner. 1.) Being honest gets you the ‘right’ renter for your property. ‘Right’ meaning your property fits...

Job Hunting in the New Year: Use Your Social Media.

With unemployment still at an all time high, many Americans are willing to do whatever it takes to get a job… even move! While many Americans didn’t want to move and go through the pain of selling their homes, many are no longer letting their home be the obstacle to hold them back. If you’re serious about moving to another state for a job, Dan Klamm, the marketing coordinator at Syracuse University Career Services, wrote a great article about how to use social media accounts to get an out-of-state job. He says it’s important that potential employers know you’re serious...

Attitude Adjustment Can Make Business Travel More Bearable

Many business travelers are home this week, spending time with their families and enjoying a travel-less lifestyle for a few days. But once 2011 comes, those travelers are likely to hit the road once again. If your 2011 promises (for better or worse) to bring about much business travel, here are some ways to make it a more positive and bearable experience: Research Your Destination: Even if you’re traveling to a small town, there are treasures throughout America to see. Spend some time researching the town you’ll be staying in and soaking in the local color. Sightsee in your...

Baby Boomers Renovating Homes vs. Selling.

A recent AARP study revealed that 8 in 10 Baby Boomers want to stay put! In fact, Boomers said they like what their communities offer, enjoy being near friends and family, and appreciate access to shopping, social opportunities and healthcare. They have no plans or interest in moving. Another highlight from the study says that eight in ten Boomers and almost nine in ten Americans over 65 have homes with at least two key elements: 1) a full bath on the main level of their home, and 2) a bedroom or a room on the main floor that could...

Need Housing in Dallas During Super Bowl XLV? CHBO has got you covered

Yes, it’s time to start thinking lodging for next year’s Super Bowl! Super Bowl XLV will be February 6, 2011 in Dallas, Texas. Are you going? We have found in year’s past that demand for lodging in Super Bowl cities is quite high – and we’re hoping to help meet the demand from travelers who will need accommodations in Dallas during the big game. CorporateHousingbyOwner.com (CHBO), a website that markets furnished housing available for short-term rent, is offering $99 listings to Dallas metro area residents who want to rent out their homes to Super Bowl goers (use coupon code...

IT IS NOW ILLEGAL TO RENT YOUR NYC APARTMENT FOR LESS THAN ONE MONTH – TAKE ACTION.

Gov. Paterson Friday signed into law a measure giving the city greater power to crack down on illegal hotels. The bill, which was supported by Mayor Bloomberg, requires that a “class A multiple dwelling” be rented for no less than 30 days. Read More: Law makes it easier for city to shut illegal hotels Some CHBO property owners/managers created an association called, Short Term Rental And Hospitality Association (“STRAHA”). To visit the website for details on becoming a member, Click To Become STRAHA Member For more information, please email STRAHA....

The Top 5 Reasons to do a Background Check on Prospective Renters

For many property owners, going through the process of conducting a background check on prospective renters may seem like just one more hassle and/or an additional (potentially unnecessary) cost.  Many property owners will rent out a furnished property to someone because they “have a good feel” for the person or liked them upon their initial meeting.  Good feelings aside, however, as a property owner, you honestly have no idea who a prospective renter really is and, before you trust them with your property, you might want to consider the following before foregoing a background check: Running a background check protects...

Becoming a Landlord

Whether you’ve already moved, are planning on a move, or are only temporarily moving- converting your home into a rental may be an option worth considering. Transforming your home into a rental can have many benefits, but also comes with many risks and is certainly not for everyone. Study your area and look for other rentals nearby. Check for how many are around, find out what the going rent is for a home similar to yours, and check for a good potential pool of tenants. Is your home in good shape? Repairs that you have been putting off for...

Lower your tax bill liability

If you feel like your property tax bill is on the high side, it very well may be. Depending on your area, your current tax bill could be based on your home’s value from as much as 5 years ago. Appealing the amount of your bill may seem like a daunting task, but it doesn’t have to be. The process can actually be quite simple, if you know what you are doing. Look for mistakes. Often, the amount you pay is based on a quick evaluation of your home from the outside.  There may be features attributed to your...