Corporate Housing Real Estate Rental Trends by CHBO

December 7, 2009

Helping Your Renter Save Money with a Fully Stocked Kitchen

Staying in a corporate rental can save a traveler a lot of money - especially considering the cost of eating out these days! To help your renter eat-in, make sure you stock your kitchen will all amenities your renters will need to prepare meals for themselves.

What kitchen supplies should you provide in your corporate rental? Here's a checklist to help you get your kitchen up to par:

Place Settings:
Studio apartments - dishes/table setting for 6
1-2 bedrooms - dishes/table setting for 8
3+ bedrooms - dishes/table setting for 10

Kitchen - Accessories:
Blender
Broom/Dust Pan
Coffee Maker
Dishwasher
Fire Extinguisher
Garbage Disposal
Icemaker
Microwave
Mixer
Mop
Oven
Refrigerator
Scissors
Stove
Tea Pot
Toaster
Trash Can

Kitchen - Cooking:
Baking Dish
Broiler Pan
Can Opener
Colander
Cookie Sheet
Corkscrew (Wine)
Cutting Board
Fork/Tongs
Grater
Ice Cream Scoop
Knife Set
Ladle
Measuring Spoon set
Measuring Cup/Set
Mixing Bowls
Pizza Cutter
Salt & Pepper
Spatula-flipper
Spatula-scraper
Spoon–slotted
Spoon–cooking
Tupperware
Utensil Holder
Vegetable Peeler
Water Pitcher

Kitchen – Drinking:
Coffee Mugs
Drinking Glass Set
Wine Glasses

Kitchen – Plates:
Large Plates
Small Plates
Bowls

Kitchen – Pots and Pans:
Large Frying Pan
Small Frying Pan
Large Sauce Pot
Small Sauce Pot
Large Pasta Pot

Kitchen – Cutlery:
Cutlery Tray
Forks
Spoons
Knives
Steak Knives

Kitchen – Linen:
Dish Towel
Dish Cloth
Potholder
Placemat Set
Napkin Sets

For more details on how to furnish your corporate rental, please refer to the Corporate Housing by Owner User's Manual.

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August 6, 2009

Corporate Housing Tip: Don't Buy a Bed with a Foot Board

If you're furnishing your home as a corporate rental, don't buy a bed with a foot board. We got a request this week from a potential tenant who is tall - he requires a king bed or queen bed without a foot board.

Remember, when you furnish your home, think about every possible scenario and make your home as accommodating to as many people as possible so you don't lose any potential renters!

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July 27, 2009

Strategies for Furnishing a Corporate Rental

Have you heard the old adage, “How do you eat an elephant?” The answer to the question is, “bite by bite.” While no one “eats” elephants, this old adage shows that you have to tackle big tasks bit by bit, piece by piece.

A corporate rental requires a lot of stuff, after all, the average cost of furnishing a 800 square foot property is about $8-10,000… more if you have a office and additional bedrooms.

To furnish your corporate rental, take to heart these tips:

1. Furnish your property by shopping at three locations:
Remember time is money and if you’re furnishing a place you’ll want to do it fast and cost-effectively. Sure, you can look for bargains and run around, waste gas, and end up waiting around for multiple deliveries, or you can shop for your items in three stores and be done (recommended). Here are the three places you should go to furnish your corporate rentals:

-A big furniture/discount warehouse – try to get everything from one location and with one delivery fee and hassle
-Target or Walmart where you can buy just about everything you need in terms of linens, kitchen supplies (unless you buy the standard Kitchen Kit, which is recommended), decorations, etc.
-Best Buy or a big electronic box store where you can buy all your electronics in one swoop.

2. Don’t get carried away. Remember, a $5,000 couch won’t get you more rent money, so buy the nicest couch you find with the smallest price tag.

3. Negotiate. Negotiate. Negotiate. If you’re going to buy all your furniture or electronics in one place, ask the store manager if you can have a 10% discount or if they’ll waive the delivery fee. They want ALL your business, don’t they?

4. Understand how your home will be utilized. Some homes are larger and may be used for entertaining while others will be used simply for a single person traveling on business. If you think your property may be one used for entertaining you may need to spend a little more on furnishing the home with extra dishes and silverware, serving pieces and utensils, etc.

5. Keep things fresh. There are things that get used a lot in a home and can get icky with wear. You don’t want to furnish a rental home with oven gloves that are burned or stained kitchen rags. Buy those items at a low cost and replace between tenants or as needed.

6. Don’t use garage sale finds in your rental. While it’s tempting to want to furnish on the cheap and use old items from your house or a garage sale find, the best course is to simply buy everything new. Don’t risk turning off a tenant and potentially getting a bad review because you decided to cut corners and put your old dingy blender in the property.

7. DIY when possible. Try to purchase items that don’t require installation or assembly or that can easily be done by yourself. Remember to account for assembly fees in your budget and when considering purchasing specific items. Something you think will save you money may end up costing you more in the end.

These are some simple strategies to help you get started furnishing your corporate rental. Remember the goal is to keep it simple and cost-effective. Don’t spend too much time running around and stressing yourself out. Be strategic in your approach and you’ll find that furnishing a corporate rental is much easier than you think.

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The Kitchen Sink – What does it cost to furnish a corporate kitchen?

Furnishing a kitchen in a corporate rental can be a tedious task. You need to have everything ready and available from a potato peeler and cheese grater to a salad bowl and cutting board.

A good way to cut your costs and save time is to order a standard Kitchen Kit offered through CHBO. It has everything you need to furnish a kitchen and is delivered on a single day in about 2-3 boxes depending on size of kitchen. The cost is about $407.33 for a kitchen in a standard one bedroom property.

Buying the Kitchen Kit offers several benefits.

1. It ensures you meet quality standards of corporate rentals. You’ll get everything you need without having to run around a store to find all the items. It takes the guess work out of furnishing a kitchen!

2. If one of your dishes break, you can call the supplier and order additional dishes. They are always in stock and the styles never change like they do in department and big box stores.

3. The Kitchen Kit has evolved over the years to ensure it has products that function and last for a long time. You want the most quality at the lowest cost and our Kitchen Kit provides that.

This post isn’t meant to be a big sell on the Kitchen Kit – it’s meant to help you furnish your kitchen quickly, cost-effectively and with quality items. That is the goal and we hope this information helps!!

Contact us for more information on the Kitchen Kit.

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