What is Corporate Housing? How do I setup a Corporate Rental ...

What is Corporate Housing? How do I setup a Corporate Rental?

How do I get started? How do I make money?

Fifth Edition, Fall 2018

Welcome to Corporate Housing by Owner!

You have joined the thousands of successful corporate housing providers who use CHBO to find qualified tenants for their properties.

Corporate Housing by Owner (CHBO) was designed, not just as a marketing website, but also as a resource and educational toolbox to provide you with the knowledge and resources you need to become a successful landlord. CHBO property owners who utilize the resources of CHBO learn more about corporate housing and how to profitably manage their properties.

Success is right around the corner by taking the time to explore all the tools offered by CHBO.

Dear Corporate Housing Associate:

Welcome to the exciting and profitable world of CHBO corporate housing, or simply put, furnished monthly residential rentals. These properties differ from the "extended-stay" lodging segment by offering an attractive alternative to the transient environment of these commercial facilities. CHBO Corporate housing provides an opportunity for the savvy real estate investor or property manager to maximize the return on their real estate investment.

In the following pages we'll introduce you to the CHBO corporate housing product providing a step-by-step guide on how to create a profitable corporate housing rental including tools and checklists to help setup and effectively market your property.

To help you approach this experience with confidence, we're excited to share the CHBO Corporate Housing Handbook and the current and past annual CHBO Corporate Housing Reports. These reports reflect findings from individual property owners rather than from full-service corporate housing companies. It's designed to help individual owners--like you-- learn the trends affecting your marketplace and allow you to achieve greater success.

If you have questions about corporate housing, the annual CHBO survey or current trends, please call us directly at (877) 333-2426 and speak with a CHBO Property Specialist.

Corporate Housing by Owner Handbook | | 877-333-2426

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The CHBO team is always looking for new ways to help you get your property rented to the right tenant. We look forward to providing you with useful tools and information for many years to come.

Corporate Housing by Owner Handbook | | 877-333-2426

Table of Contents

What Is Corporate Housing?

7

Corporate Housing Industry Myths Exposed

Who Uses Corporate Housing?

Are You and Your Property Right for Corporate Housing?

13

Corporate Housing Versus a Traditional Long-Term Rental

Home or Condo?

What Do Properties on CHBO Look Like?

What to Know Before Investing in a Corporate Rental Property

Weekly Rentals

The 5 Rules of Being a Corporate Housing Landlord

18

The 5 Rules of Being a Corporate Housing Landlord

The 3 Elements to Profitability

Profitability Formula

Rental Rates

21

Market Evaluation

Rental Rate Discounts

The Benefits of Using CHBO 8 Reasons to Choose CHBO Renters, Tenants and Guests

Corporate Housing by Owner Handbook | | 877-333-2426

25

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Property Owners and Managers

CHBO Property Owner Philosophy

Our CHBO Guarantee

CHBO Gives Back

CHBO CompleteTM

30

What is CHBO CompleteTM

Activating the CHBO CompleteTM Icon

Getting Started With CHBO

33

How to Get Started Renting Your Property

Create Your CHBO Property Listing

Prepare a Property Manual

Furnishing Your Property

Find Ways to be Eco-Friendly

Rooms (Bedrooms, Bathrooms, Dining Area, Living Room, Utilities, Kitchen)

Other Details (Cleaning, Plants, Trash, Mail, Rental Cars)

Pets

Maintenance

Marketing Your Property

57

Marketing Strategies and Tips

Photos and Virtual Tours

Staging

Corporate Housing by Owner Handbook | | 877-333-2426

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