Corporate Housing 101 Marketing a Rental Property Management Toolbox Real Estate Investing CHBO General Ideas & Tips

Learn: Yes, Corporate Housing is a Real Estate Investment Option

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Published Date: 2013-08-27

What is Corporate Housing? How do I setup a Corporate Rental? How to get started renting a property? How do I make money? Corporate Housing Success Stories! Welcome to the multi-billions dollar world of Corporate Housing or more simply put, furnished monthly residential rentals. [caption id="attachment_2878" align="alignright" width="242"] Learn how to make Corporate Housing an investment option[/caption] Corporate Housing is part of the Extended Stay lodging segment offering an alternative to the transient environment of an Extended Stay hotel. Corporate Housing is also an option for the savvy real estate investor or property manager who is interested in maximizing the returns on their real estate investment. In the following pages our goal is to introduce you to the Corporate Housing product and industry, give you a step by step guide on how to create the most profitable Corporate Housing Rental, give you some tools and checklists to save time in setting up your rental and introduce you to some CHBO property owners just like you who have found success in their Corporate Housing rental. To help you navigate these changes with confidence, we’re excited to share the CHBO Corporate Housing Handbook and the “by Owner” Corporate Housing Annual Report Executive Summary - a summary of the results from our annual “By Owner” Corporate Housing Survey. This is the fourth year of our survey and annual report allowing you benefit from the latest data, as well as comparisons and trends from recent years. The CHBO Annual Report in its entirety is also available. It is different than other property management annual reports. It reflects findings from individual property owners, rather than from full-service, corporate housing companies. This report is designed to help individual owners - like you - learn from relevant trends in your marketplace and achieve greater success.

Table of Contents

Corporate Housing Myths Exposed Are You and Your Property Right for Corporate Housing? Who Uses Corporate Housing? Corporate Housing Versus a Traditional, Long-Term Rental Home or Condo? What to Know Before Investing in a Corporate Rental Property Weekly Rentals? Tips to Being a Successful Landlord Five Tips to Being a Successful Landlord The Three Elements to Profitability Profitability Formula Setting Your Rates Market Evaluation “by Owner” Industry Rates Serviced Corporate Housing Industry Rates Rental Discounts Why CHBO Eight Reasons to Choose CHBO Testimonials CHBO Complete™ What is CHBO Complete? How CHBO Complete Works Activating the CHBO Complete Icon How to Get Started with Renting your Property Checklist of Steps to Take Property Preparation Guide Prepare Your Property for a Corporate Tenant Prepare a Property Manual Buy Furnishings for your Property Think About the Style and Quality of Furniture Furnishing Tips Spruce It Up Find Ways to be Eco-Friendly Rooms – Bedrooms, Bathrooms, Dining, Living, Kitchen, Other Details – Technology, Utilities, Cleaning, Plants, Trash, Mail, Pets, Pet Questions Maintenance – Cleaning, Trash, Pets Rental Cars Marketing Your Property Marketing Ideas Marketing Budget? Photos Virtual Tour Track Your Success Availability Calendar Text Message Alerts More Tools on CHBO Tenant Reviews Tips to Soliciting More Reviews Handling and Managing Tenants Initial Contact Converting Inquiries into Rentals Negotiating with Potential Tenants Credit and Background Checks Accepting Credit Cards Liability Insurance Travel and Damage Insurance / ARDI Rental Application Inspection Report Lease Agreement Keys and Access Security Deposits Avoiding Security Deposits /ARDI Reduce Vacancy Between Tenants Rental Scams Collections FAQ: Frequently Asked Questions Tenants / Renters Property Owners