Tenant Advice: Rental Cars & Insurance

In the world of corporate housing there are a lot of extra services we help connect tenants with. Of course ARDI or Accidental Rental Damage Insurance is the most frequently used service but there are a lot of other services we connect our tenants to.  Other connections might be local real estate agents, concierge services, local restaurants, schools, jobs and anything that can help them in their new temporary home.  Rental cars are another item that corporate housing tenants often use.  It could be worth your while to research local providers and have this information as part of your...

Corporate Housing Reports and Data

ERC – Employee Relocation Council recently had a webinar on “Furnished Housing: The Mysteries and the Facts”  and as a followup the attendees were interested in more Corporate Housing Data here are few resources: CHBO Annual Report – $19.95 on Amazon. The Highland Group: Corporate Housing Annual Report – $495.00 Highland Group. The Corporate Housing Handbook – $26.96 on Amazon. Idiot’s Guide: Making Money with Rental Properties – $14.80 on Amazon. Corporate housing always has played a defined role in most corporate relocations. Smith reveals some of the misconceptions about this destination service. By Kimberly Smith With the trend...

Corporate Rental Tip: White Boards

I heard a great idea today and thought I would pass it along. How about adding a dry erase board to your corporate rental or maybe even a chalk board. The board could be used to “Welcome” a tenant, give additional information to a tenant or just as something fun for the tenant to use. Remember these guys? Unlike the VCR I think some ideas really don’t get out dated they just need to be rediscovered....

Traveling and need a place to stay?

Corporate Housing Accommodations Made Business Trip to Miami More Comfortable and Affordable An entrepreneur on assignment in Miami for a month decided that a corporate rental he found on CHBO was much more preferable to living in a hotel for one month! Thanks to the flexibility a corporate rental offers, his dog was brought along for the ride too! How One Woman Turned to Corporate Housing When Life Threw a Curveball Lisa Turner was ready to move on with her life. A new husband. A new outlook. A new home. However, Lisa and her new husband were quite in...

PPD = Pain Per Dollar – Watch Out for the Tax Man!

A few years back a CHBO property owner told us that she was switching from renting her property as a vacation rental to renting her property as a corporate housing rental.  We asked her why and she said “PPD.” The CHBO Property Specialist ask her to explain.  PPD she told us was, “Pain Per Dollar.” She wanted to make money with her rental property but trying to fix and flip her property nightly and weekly was just too much work.  She was excited to get Corporate Rents who paid good rates but also stayed longer. According to the 2012...

CHBO Gives Back: You can too! 1000km completed, 4000km to go…

Baby on a Bike – 1000km and Counting So we completed our first thousand kilometres a couple of days ago. Pre-Amaya this wouldn’t have been as noteworthy, but 1000km with a teething toddler in tow is a definite milestone. Thank you to everyone who has supported us so far! Thanks for reading our blog, for your encouragement and a massive thanks to those who have made a donation to Clinica Verde. We have raised close to $1000  (almost $1 per kilometre). This is money that has already made a difference to the lives of mothers and children in the Boaco region of...

NEW – Housefax.com

Saw this and thought it could make your next real estate purchase more successful… Now house hunters will be able to order a “Housefax,” a comprehensive report on a property’s history that includes information about insurance claims, building permits, fire-related incidences, meth-lab and sinkhole hazards and other data....

The Seasonality of Corporate Housing – Don’t Book in Advance

Now that Halloween is behind us, the stores are stocking their shelves full of Christmas gear. I was in Chicago last week and the window coverings on the famous Macy’s on State St. are near ready to be unveiled with their Christmas showcases. As the holiday spirit becomes part of your every day life from now until January, remember to look for tenants that avoid trapping you into seasonal bookings. What I mean by this is that you shouldn’t book too far ahead. If someone wants to book your now vacant property starting Jan 5th, then it’s likely you’ll...

Taking Pets on Business Trips – Why Your Corporate Rental Should be Pet-Friendly

Americans love their pets and if possible, many are taking their pets along when going on lengthy business trips. I can only imagine how difficult it would be for a single professional to be put on assignment in another city and leave behind their beloved companion in a kennel or with a burdened friend. Many corporate homeowners have shied away from accommodating pets because of worries of damage to the property, but airlines and hotels have made it easier than ever to take Lassie along for the ride and no longer see pets to be as “damaging” as once...

Controlling Vacancy

By Gavan James, Oakwood Worldwide The raw material of the third party corporate housing industry is the stock of apartments you have to rent to your customers. Like any industry controlling material cost, we all must keep a sharp eye on the amount of apartments we rent, and the price we pay for them. For many of us, the largest variable of the business is the vacant apartment costs. High vacancy can destroy your financial statements when the margins you charge above the raw cost of rent, furniture and other related costs are often only 15% – 30% of...