Christmas in corporate apartment

6 Steps to Make Your Vacation Rental Christmas Ready!

If you have corporate housing for rent or you offer furnished housing of any kind, it isn’t unreasonable to wonder whether or not you should decorate for the Christmas season. First things first, you should know that many rentals (both corporate housing for rent and vacation rentals) often note “decorated for the holidays” as a “plus”. So, if your furnished housing is in a market where this would apply, you should seriously consider taking steps to doll up the rental for the season. But there is more to “Christmas ready” than decorations alone. It also has to be about...

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...