![]() ![]() ![]() To start generating a buzz and marketing your own company: However, any large town or city will have various companies available that could require corporate housing. Heads up: if you live in an area where there are only a few major businesses, this part won’t be easy. #1 Determine your target businesses and market your propertyīefore considering renting your home through a corporate housing company, figure out which businesses in your area need housing and whether you want to market your property directly to these companies, or through a third party. If you’ve recently decided, “I’m going to rent my house to corporate housing,” then this step-by-step process will help you attract the right businesses and get your home ready for corporate tenants. While equipping your property for these services will require a larger investment, it will allow you to charge at a premium, which will increase your profits even more. Frequent cleaning service or on-site staff.If you are catering to high-profile residents such as executives or members of the management team, you may need to prepare your property with luxury amenities and services: A kitchen stocked with food, beverages, and the basics. ![]() What you’ll need in your homeĭepending on the business you are working with, your property may require a few prerequisites to pair with the company’s housing needs: If you work with a specific business, the company may rent out the property at a premium so that they consistently have accommodations available to incoming employees and their families. Even when considering the investment required to meet the standards of corporate housing, the ability of landlords to price at such a level will immediately increase revenues.Īdditionally, dealing specifically with a business as opposed to individual tenants can take the pain out of managing complaints or other potential problems. Additional premium options may be requiredīecause of these requirements, a property manager can typically justify pricing their property at 2 to 3 times the typical asking price (or even more!).Maintenance and cleaning services should be included.Continuous communication with the company HR team and tenants is crucial.Artwork and design must create a welcoming atmosphere.Every home includes all the necessary appliances, utilities, and amenities.Properties are fully furnished to a high standard.Landlords can justify the increased rent because businesses usually dictate their own specific requirements associated with corporate housing: The biggest benefit? Being able to charge higher rental fees. ![]()
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