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...

Corporate Housing Rentals

Are High Cost Vacation Rentals Profitable for Owners?

If you have perused the different listings for professional and/or vacation rentals on CHBO and wondered if this was a good enterprise to enter into yourself, you probably have many questions. Let’s spend some time looking at one of the biggest – whether or not they are authentically profitable. In a recent article about the profitability of vacation rentals, the author posed one very significant question, which is this: “Those who live near the shore often hear rumors about the piles of money that vacation rentals bring in. ‘The summer months’ rental income pays for the entire year’s mortgage,’...

Why Longer Term Corporate Rentals Are Better for You and Your Property

The Internet age has changed the way we live in many ways. Information is flying around us all the time, and we have access to more knowledge than at any time in human history. Some of these changes are good, some bad, but it is certain that the way we live has been affected. One example is how we travel. There was a time when travelers had to make many calls or hire a travel agency to find a place to stay, transportation, and take other steps to prepare for a trip. Today, at the click of a button,...

vacation rental

7 Things That Get Corporate Rental Revisits

A recent article on vacation rentals and short term rentals said that “repeat business is the Holy Grail”. In other words, getting visitors who have already enjoyed a stay to book again (and potentially for years to come) is the ultimate goal. Of course, it is also an issue to consider from the opposite side of the coin, i.e. “why are renters only visiting once and not again?” We’ll look at seven things that can help you to win over your renters and nurture ongoing business that ensures they revisit at least once, if not on a regular basis....

State Spotlight: Hawaii Corporate Housing

In addition to being a massively popular vacation destination, more and more people are moving to Hawaii temporarily or permanently for work. Over the past few years, the economy in Hawaii has seen major growth, and that growth is expected to continue for the foreseeable future as tourism, construction, and other markets continue to show significant growth. It’s no wonder, then, that Hawaii corporate apartments are really gaining popularity. People moving to Hawaii for work don’t want to stay in hotels, but they often cannot afford the time or expenses to scout out long-term rentals or to buy homes...

Furnished rental tips to survive in the world of Expedia

5 steps to financial success and control of your furnished rental property! Yes, landlords got spoiled with their furnished rentals when the internet allowed them to efficiently and economically connect with potential renters around the world. Furnished, unfurnished, daily, weekly, monthly and annually leasing all got easier with the connectivity offered by the internet. Today a lot of these landlords are living in fear because those internet tenants are going away and costing more. How did this happen?  How can you, the landlord, protect yourself from financial ruin? Simple answer: Go Back to the Basics! No business, no landlord,...

Trends: Corporate Housing Real Estate Profitability

As you may have read in other blog posts there are lots of reasons a landlord may have for turning their real estate into a corporate housing rental. The reality of life is things do change and corporate housing can be a great solution for your real estate whether or not that is the reason you purchased the real estate in the first place.   Ok, so now you know you can turn lots of real estate into great corporate housing rentals, however the next question is, “As a corporate housing real estate landlord can I make a profit?”...

Corporate Housing: Who, What, Where & Why #1

What makes a successful corporate housing provider? What makes a successful Corporate Housing Renter? Where is the corporate housing industry going? Why do people use corporate housing? Who provides corporate housing? Should I pay or charge a security deposit? What about pets? How do I find corporate housing rentals? So many questions so little time… Here at CHBO we are passionate about people and finding ways of connecting the best possible corporate housing options with the best qualified renters. For over 9 years CHBO has worked to develop a web platform to connect the world of travelers and the world...

How Property Owners handle Property Management

One of my favorite things about the “by Owner” Corporate Housing Annual Report is getting the opportunity to see how things work and as we look more closely at the data it is not only a great look at the past but also a great tool for the future – Have fun… Property Management. 72% of respondents say they do all their property management themselves, down from 80% in 2012 and 86% in 2011. Respondents also used property managers (11%) and friends and family (7%) to manage their properties. 71.7% of respondents say they do all their property management...

Annual Report: Corporate Survey Respondents

Corporate Survey Respondents Property Locations. Hundreds of property owners from across the United States (including 38 states, the District of Columbia and Puerto Rico) and Canada responded to the 2013 survey. The highest response rate came from property owners in California, followed by Colorado, Texas, Washington and Illinois. Number of Properties. 42% of corporate survey respondents say they have one rental property – about the same as 2012. Meanwhile, 41% report they have two to five properties. This group is up from 35% in 2012 – but the percentage is back to a similar level seen in 2010. Years...