Did you know that renting your units as a typical landlord is the least profitable way to operate a landlording business? You can make money each month, but you can net up to eight or ten times more using an advanced corporate housing operating plan.
What Is Corporate Housing?
Corporate housing is an established concept where you rent a furnished apartment or home to a business. Typically, all utilities and services are included; it’s like an all-inclusive hotel without daily housekeeping. Traveling employees can make a strong case for corporate housing if they’re away on a business assignment that’s 20 days or longer.
You can customize your cooperative housing offering to appeal to:
- Clients who want a luxury environment
- Typical white and blue-collar employees who prefer a home environment
- Insurance companies that need to house displaced families for extended periods
All three of these options can be very profitable depending on how you operate and what the competition has to offer. Your competition is now hotels and other corporate housing units in your town – not other landlords. (Landlordology)
