Corporate Rental Management - What to Ask?

[Greg Farmer]

Hey BP! I am currently self-managing 2 of my rentals as Corporate Housing (1+ month rentals). Located in Dallas TX, they are fully furnished with linens and all. I use Airbnb (one month min. booking), Furnished Finder, and Zillow to list them. It's been going well, but I am interested in working with a property manager or management company that specializes in Corp Housing. I am adding a third property soon (currently it's rented as a non-furnished LTR), and I also work full time. I just don't think I'll be able to keep up with it all. What questions should I ask potential managers and what are the things I should keep in mind? I definitely want a local company, and I have a call set up later this week with one that is based in Dallas... Anyone else work with a property manager in this space or in Dallas? Would love to hear your thoughts!

[Account Closed]

The real value that you get from a corporate housing property management company is tapping into their direct business to business relationships.  These exclusive relationships allow them to charge higher rental rates than you are able to get booking monthly rentals from Airbnb.  Questions to ask: How long have they been in business?  Where do they get their guests? Are they accredited through CHPA / Corporate Housing Providers Association or an other organization?  Are any of their employees CCHP / Certified Corporate Housing Professional?  What business travel organizations are they members of?  Are they an approved GSA provider for the federal government?