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Updated over 2 years ago on . Most recent reply
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Anyone have Corporate Housing experience?
I have a friend who subleases their single family rental home to a corporate housing company who then houses families temporarily during house renovations/repairs from insurance claims and other corporate work housing situations for travel. She has been very happy with them for the last couple years and says she brings in 2-3 times what she would make renting it out to a single family.
I was considering trying this out with a single family rental, do y’all have any experience with corporate housing companies? If so, please share and also any unforeseen situations you had come up. What are some good questions to ask before partnering up?
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@Colin Paulino The company that they are leasing it to is doing a strategy called Rental Arbitrage. If you own the home you're getting a higher rent but you're leaving a lot of money on the table by not doing it yourself.
I bought a duplex in Austin TX and am doing that strategy myself without a middle man and I increased rent on my duplex from $2,500/month to $5,700/month by furnishing it and renting it out for 30 day minimums on Airbnb, VRBO, Furnished Finder, and FB Marketplace. I do not have any contracts with companies, just going straight to consumers. I took a duplex with -$500/mo cash flow and now it's giving me $2,000/mo in cash flow.