A Corporate Housing PUBLICATION Things You Should Know About Corporate Housing | Page 3

Investing in Corporate
Housing
• Renting out corporate housing differs from other renting opportunities. The
investor comes into the property expecting to spend a lot more to make the
space completely livable. The corporate housing renting spaces are lent out to
corporations and other large businesses. Because of this, the investor makes the
space as up to date as possible. He will also fully furnish the space, because
these stays won’t typically be as long. They will be on a more month to month
basis rather than yearly.
• While the investor may come to the start of the project with more out of pocket
money typically they will end up with more money in pocket in the long run,
depending on a few details. The investor has to do a lot of research to
determine where to invest into a property. Not everywhere will be beneficial for
corporate housing. The investor has to determine where corporations or business
may want to expand. Large cities are typically a good bet as well as expanding
areas around the country. Once this is determined, it is up to the investor to
market their property. It is important to create great business relationships. Often
times, a corporation will continue to use the same corporate housing again and
again, because it cuts back on time and is simply easier. An investor wants a
couple of corporations to do this. It guarantees good tenants and a steady cash
inflow.
• Investors also understand that they can charge more for corporate housing than
they can for typical renting because of the clientele they reach and the fully
furnished space they offer. Something else to keep in mind as an investor,
however, is the other services that corporations will be expecting during their
stay. They will most likely expect a cleaning service of some sort and dry
cleaning. They will also want to know about the area and what is offered for
them (dining, entertainment, etc). While this will cost more for the investor, it pays
off in the ending price corporations are willing to pay.