Is corporate housing a good investment?

Corporate rentals can generate high profits through monthly rental income. Executives and other professionals are in need of corporate housing, which results in inherently high-quality tenants. Corporate short-term rentals typically require less maintenance than other rental properties.

What is a corporate housing package?

Unlike hotels, corporate housing is both a product and a service. The product is the apartment or house itself, and the service is a housing package that includes amenities such as maintenance and 24-hour customer service. Corporate housing typically includes: –Furniture. –Fully equipped kitchen.

Is corporate housing profitable?

Under the right circumstances, corporate housing could prove a more profitable real estate investment strategy than renting to traditional tenants. You’re providing housing solutions that meet real market need.

Is Chbo legit?

“I’ve had the pleasure of using CHBO to advertise my furnished rental since early 2014. Their website is very easy to use, and if you need to talk to someone, I highly recommend Eric *****, because he’s given me a lot of good advice. I used their photographer to get professional shots of both interior and exterior.

How do corporate apartments work?

A corporate housing apartment is fully furnished and includes all utilities – cable, internet and electricity – just like a hotel, but it usually offers more square footage to spread out plus separate rooms for relaxing, slumbering and eating. That makes it feel more like home.

How does a corporate lease work?

A corporate let is when a company takes on a residential tenancy agreement as the tenant, rather than an individual. An employee is then able to occupy the property as a licensee of the tenant. (It is important to remember that the company is fully accountable for default of payments of any of these costs).

What is considered a high rise apartment?

However, in the U.S., a high rise is an apartment building with a height of at least 7 stories, as defined by the National Fire Protection Association. There’s also a maximum height above which a high rise becomes a skyscraper. This is typically any building over 40 to 50 stories.

Who uses corporate housing?

It can be used for people traveling to another city for business meetings or to house temporary employees or contract workers. While corporate housing began as a housing option for company employees, the service has grown to include vacationers, students and people requiring short-term housing when moving.

Is corporate leasing legal?

You cannot easily break or change a commercial lease. It is a legally binding contract, and a good deal of money is usually at stake.

How many floors is considered a mid-rise?

A mid-rise apartment building is shorter than a high-rise, made up of anywhere from five to 12 floors. This means they probably have an elevator and include amenities such as swimming pools and community rooms.

How do corporate rentals work?

Corporate rentals refer to the actual apartments including the services provided such as cleaning, security, and other essential amenities, and they are typically designed for those with jobs that require extended stays in different locations, and all they need to do is bring their suitcase and some food for the fridge …