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Updated over 4 years ago on . Most recent reply
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Any advice on how to get start with corporate housing.
I have a property that should be ready in a few weeks. Besides doing Airbnb, I would like to set up for corporate housing. Any advice.
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Thank you @Joe Aiola for the mention- I hope your ventures are going well.
@Patrick Bijou, happy to chat with you and share my strategies- I sent you a PM.
Business relationships would be great however, the chances of your unit being vacant until their employee/customer arrives is REAL. Taking reservations ( which i dont ) means there will be vacancy ( like airb). Lets say you would like to stay booked with little vacancy, then Advertise on CL - Create an Ad that identifies you as being a real person offering a real value. A company may respond, not likely tho but the good news is the caller will be the potential resident themselves- able to make the decision much faster. Having insurance companies/ nurse staffing companies, etc that call to inquire on the possibility of booking - by the time they work out the process on their end, I have already booked the unit. I am finding fantastic results after joining furnishedfinders.com recently - a sister company to cozy.co ( cozy.co is a payment portal plus more for landlords/residents- check that out)
Corporate Housing is a term used in a Business to Business relationship. Perhaps someone is in a leadership role with a company and gets a relocation package from thier employer. Chances are that most everything logistic wise is handled by a relocation company that has a database of furnished apartments they use. And chances are they are not going to call you and step out of their business to business network. You will get the call from the employee who got handed 10k to help with their relo (hopefully 10k taxed up :) and the employee is left to figure it out - And you are there to help them figure it out with your none corporate process and flexibility that they desire. I have had some relationships with a couple companies but again - I cant hold the unit vacant waiting on their booking dates. I advertise just before it comes available and book it with just enough time to get the unit cleaned. Most of my units are turned around in LESS than 24hrs.
Let's couple that with the " work from home trend" and we are right on target with this business model! Happy to chat!