Innovative real estate franchise, AvenueWest Managed Corporate Housing, announces new ownership and a strategic vision for growth.

AvenueWest Global Franchise, LLC the industry’s leader in managed corporate housing, announces new ownership and vision for growth through a management buyout.6 Floor Plan-Kitchen-_ADS0774

Founded in 1999, AvenueWest, had the mission to provide high quality condominiums, townhomes, lofts, single family homes and apartments to meet the extended-stay executive housing demand by professionally servicing a unique niche of business travelers with investment owners’ properties. AvenueWest Managed Corporate Housing and now AvenueWest Global Franchise, LLC were built to provide monthly lodging options and increased opportunities for individual real estate investors.

AvenueWest Corporate Housing, Inc., started as a small real estate management company but quickly grew to the largest provider of corporate housing rentals in Colorado, added a spin-off of Corporate Housing by Owner and is now the foundation for the national expansion of AvenueWest Global Franchise. This year AvenueWest Corporate Housing is celebrating its 18th anniversary of doing business and providing solutions for property owners, corporate travelers and business owners alike.

As a result of the transaction, Angela Healy has been appointed Chief Executive Officer of the new entity. “The buyout is a significant milestone in our continuing evolution and expansion,” said Healy. “Management is committed to growth and innovation, and our new structure will enable AvenueWest to expand its franchise services throughout the United States.” Company co-founder, Kimberly Smith, will stay on with the company in the role of business development.

“I am extremely excited about working with our new owners to realize our shared vision for AvenueWest Managed Corporate Housing and our expansion into new markets. Though this denotes an important new chapter for AvenueWest, our customers should rest assured that the fundamental principles that have made the AvenueWest brand strong for almost 20 years will not be compromised,” promises Smith.

Unlike traditional corporate housing that only offers furnished apartments, AvenueWest offers fully furnished private residences for business travel with the customer service and quality traditionally only found in corporate housing apartments.

Angela Healy states that there are two secrets to the company’s success. First, they work hard to run AvenueWest as a team and develop a place where their employees enjoy coming to work, take pride in what they do and create lasting solutions for the tasks at hand.

Secondly, Healy adds, they believe in doing business the old-fashioned way, person-to-person with high standards for customer service. “We are able to offer relocated or traveling professionals more than just a temporary place to call home; we also help them get to know and love their new city like we do. So many of our customers come back to us time and time again because they know they can depend on us for reliable information about the city they are relocating to and they get to live like a local.”

 

AvenueWest Global Franchise is the largest and most active managed corporate housing provider in the United States with local brokerages throughout. An alternative to traditional furnished serviced apartments, real estate-based residential housing offers business travelers access to a variety of property locations, styles and amenities while preserving the service and quality standards expected by the professional traveler. Currently AvenueWest Global Franchise has 7 offices located in Atlanta GA, Colorado Springs CO, Dallas TX, Denver CO, Fort Collins CO, Phoenix AZ, and San Francisco CA. More information can be found at www.AvenueWest.com.

 

 

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Business Travelers Today Demand Professional Corporate Housing Accommodations

In today’s confusing world of shared rentals and inflatable airbeds, business travelers should rely on professionally managed furnished monthly corporate housing

rentals and choose to work with providers who are certified to best meet their lodging needs. With all of the different on-line residential booking platforms, it is difficult for the professional traveler to trust the quality and service of their corporate housing rental. When you are traveling for business on a long-term assignment, being relocated with your family across the country, or needing an alternative home due to an insurance claim, you can’t afford taking the chance that your monthly rental may not work out. Business travelers need to be able to qualify in advance what they are actually getting.

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AvenueWest Managed Corporate Housing was founded in 1999 to provide exclusive fully furnished and fully managed private residences available for the professional in need of monthly lodging. So it was no surprise that when CHPA, The Corporate Housing Providers Association, started offering an industry designation, AvenueWest supported this certification as a paramount tool for communicating industry standards. Kimberly Smith, the founding broker of AvenueWest Managed Corporate housing says, “The CCHP, Certified Corporate Housing Professional, is key to distinguishing the professionalism and quality provided by the industry and allows us as professionals to not be inadvertently lumped into the shared economy.”

Today, it is with great pride, that AvenueWest Global Franchise announces 3 AvenueWest offices now have key leaders with the CCHP certification. Meghan Vost, Deb Salek and Janine Low are all now a part of the 2017 group of CCHPs that were announced last week after successfully passing the long testing session offered this year at the CHPA Annual Conference in Huntington Beach, CA.

Meghan Vost, the owner of AvenueWest Phoenix, is a long term real estate executive who has built a successful corporate housing real estate management company in Phoenix, Arizona. After over 10 years in the real estate and real estate franchising business, Meghan saw the unique opportunity of developing her own real estate business around the AvenueWest Managed Corporate Housing franchise model. Meghan, now a 3 year veteran of the corporate housing industry, was also a featured speaker at the recent CHPA Annual Conference.

Deb Salek, the Owner/Broker of AvenueWest Northern Colorado located in Fort Collins, CO, started as a RE/MAX Realtor focusing on the relocation industry but found the 24/7 demands of traditional real estate sales didn’t match her personal philosophy of spending quality time with her young children, and started looking for a new alternative.  Today, Deb and her husband Todd, have successfully grown AvenueWest Northern Colorado as a real estate brokerage specializing in managed corporate housing into the largest locally based corporate housing provider servicing Fort Collins, Loveland and Greeley in Northern Colorado.

Janine Low, joined AvenueWest in 2008 just out of college and has worked through the ranks. Today, Janine works at AvenueWest Global Franchise supporting the operations, development and expansion of the AvenueWest Managed Corporate Housing brand.

AvenueWest’s Founder, Kimberly Smith, also talks about the value of the CCHP designation in her book, Idiot’s Guide: Making Money with Rental Properties. She writes, “This designation from the Corporate Housing Providers Association (CHPA) exemplifies competence and professionalism in the corporate housing industry and has practical application and operational knowledge in operations, financial management, and sales and marketing.”

In today’s sharing economy, business travelers need to check that the corporate housing provider is a true industry expert who will conduct themselves knowledgably and professionally. The CCHP designation truly sets the individual providing the corporate housing services apart from the rest, ensuring a seamless transaction between the business traveler and the corporate housing professional. Today’s business travelers can rest assured that they received the best end products and services from a vetted corporate housing company.

About AvenueWest Global Franchise:

Established in 2010, AvenueWest Global Franchise grew from the desire to expand the business opportunity and corporate housing excellence achieved through the AvenueWest Managed Corporate Housing program that was founded in 1999. Currently AvenueWest Global Franchise has 8 offices located in Atlanta GA, Boston MA, Colorado Springs CO, Dallas TX, Denver CO, Fort Collins CO, Phoenix AZ, and San Francisco CA. For franchise information and opportunities go to: www.AvenueWest.com.

AvenueWest Managed Corporate Housing Expands Years of Expertise into the Northwest: Seattle Office Now Open

Seattle Skyline

July 8, 2016: AvenueWest Managed Corporate Housing’s newest locally owned and operated office, AvenueWest Seattle, LLP, officially opened its doors today. This partnership matches the years of experience that Angela and Tim Healy possess in property management and corporate housing with the local real estate knowledge and business development expertise of Rick Hoffman.

“When I initially met the Healy’s and could sense their integrity and passion for this business” Hoffman states, “I knew they were different from the countless other business owners that I have worked with previously. I was captivated when Angela was speaking about the different services they provide for their clients and how their systems work. We arranged another meeting and the rest is history – AvenueWest Seattle, LLP was born.”

With the Seattle real estate market at an all-time high and rental inventory at an all-time low, AvenueWest Seattle, LLP opens its doors at the perfect time. With their proven business model of working directly with private property owners and investors, AvenueWest Seattle isn’t having any issues finding exclusive properties to market for corporate housing like traditional providers. The new laws being passed in Seattle regarding short-term housing options have also created an influx of owners who still want to maximize their return on investment through furnished rentals and AvenueWest Seattle, LLP, can help them do this still.

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The city of Seattle is proposing regulations for short term rentals for stays less than 30 days to only be allowed 90 cumulative nights or fewer in a 12 month period. These regulations do not limit the amount of rentals for 30 days or longer; however, applicable taxes and a business license will now be required of any property owner wishing to rent their property(ies) as a short term rental, regardless if they are less than 30 day stays or not.

“We are finding that owners who have their property(ies) listed on AirBNB and other short term rental sites don’t wish to obtain a business license or pay the applicable taxes and don’t necessarily want to manage their rental properties any longer, but still want to maximize their ROI on their property investment(s).   We have already received a warm reception in Seattle with private owners wishing to utilize our services to achieve their ROI goals while reducing their time commitment in renting their property(ies). All property owners in our management program benefit from qualified renters who typically stay an average of 100 days in an AvenueWest property giving our owners peace of mind and stability,” states Angela.

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Kimberly Smith, the CEO of AvenueWest Global Franchise, has wanted to start an office in Seattle for years and the partnership between the Healy’s and Rick Hoffman couldn’t have come at a more opportune time.

“Seattle is a booming city with a number of great corporate headquarters, unique industries, and a definite need for alternative housing solutions like temporary furnished housing. Companies and individuals relocating to Seattle for a variety of different reasons will have a strong preference for AvenueWest’s managed corporate rental properties over a transient hotel setting or other standard apartment rentals,” says Smith. “With Rick’s knowledge of the area, and the Healy’s knowledge of the industry, AvenueWest Seattle, LLP is now in league with the kinds of rental properties required by discerning executives and business travelers. Private landlords and investors also have the opportunity to earn greater rental income on their properties.”

About AvenueWest Seattle, LLP

 AvenueWest Seattle, LLP, a franchise of Denver-based AvenueWest Global Franchise, opened its doors on July 1, 2016 and is jointly owned by Angela and Tim Healy and Rick Hoffman who manages this office. AvenueWest Seattle, LLP fosters the connection between a private landlord of a rental property offered as a short-term, furnished rental with those in need of executive housing such as a traveling business executive, relocated family, traveling professor, athlete or actor, and even someone in need of temporary housing during a medical treatment. To offer your property for rent through AvenueWest Seattle, LLP, or to find a property during your temporary stay in the Seattle metropolitan area, contact Rick Hoffman or Angela and Tim Healy directly at 206.319.5459 or via email at: Seattle@avenuewest.com.

3 Essential Ways to Streamline Your Check-In Process

Corporate Housing & Apartments Rental Blog

Check-in is an inescapable part of renting lodging. It’s a pain for both the renter and the landlord, particularly if you’re locked into outdated ways of doing it. This is particularly true with corporate apartments and other corporate housing options. Business travelers often arrive late – flight delays, traffic snarls and other factors almost invariably lead to tardy check-ins. That means the traveler is exhausted, and that the landlord often has to be roused from sleep (or is equally as exhausted because he or she has been losing sleep waiting on the renter to arrive). There are better options. These three solutions can help you streamline your check-in process.

Provide a Digital Step-by-Step Check-In

Digital technology is everywhere today. It’s embodied in your PC and laptop, but chances are good you carry it around with you on your hip or in your pocket. Your smart phone is basically the…

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AvenueWest Northern Colorado Franchise Success Story

Northern Colorado Franchisee Experiences Positive Cash-Flow in Six Months; Meets High Demand for Furnished Housing in Ft. Collins and Surrounding Cities

As a long time residential real estate agent, Deb Salek knows all too well the hard work and long hours it takes to run a business. She worked every day, including weekends, helping her clients buy and sell homes. Her husband, Todd, too, knew the virtues of hard work. He spent 13 successful years in the sales industry.

Although at the surface Deb and Todd were successful, both say they felt they had more to give and were seeking new opportunities in their careers. They desired to own a business that could support their family, give them a stable lifestyle, and thrive long after they’ve retired.

“As a real estate agent, I only earned income when I worked,” says Deb. “When looking for a new business venture, I wanted something that would have longevity, and one that offered a repeatable and sustainable revenue stream.”

Committed to finding a new career path, Deb discovered the possibilities of becoming a franchisee of AvenueWest Managed Corporate Housing (“AvenueWest”) after reading about AvenueWest’s CEO, Kimberly Smith, in a magazine, and later meeting her at a networking event.

“AvenueWest sounded too good to be true! It offered all the things I desired in a career, including the opportunity to own my own business, build something I could eventually pass on or sell, and allow me to work more traditional hours so I could spend more time at home with my children,” says Deb. “Plus, AvenueWest fit nicely into my repertoire, enabling me to still pull upon my years of real estate experience, yet explore a new avenue within my niche.”

On November 1, 2013, the Saleks officially opened an AvenueWest franchise in Northern Colorado (4025 Automation Way #F2, Fort Collins, CO 80525).

Getting Started

Deb says that she likes how she didn’t have to “recreate the wheel,” as AvenueWest provides a clear path to business ownership without all the hassles that come with a startup. She says she also likes that the brand has already built trust, recognition, and a track record of success in the corporate housing industry.

Even though AvenueWest offered a path to success, Deb and Todd say they knew it would take hard work and time to grow it into a thriving, sustainable business.

“Almost immediately upon opening our doors, AvenueWest began sending us housing requests, yet we had no inventory to fulfill those requests,” says Deb. “That’s when we knew we had to get resourceful if we were going to succeed.”

To meet the “pent up demand” for short-term, furnished housing in Northern Colorado, Deb and Todd leased several local apartments and furnished them. Little did the Saleks know that the apartment buildings would soon become their top source for new client leads!

Another source of client leads came from insurance companies. Deb says that corporate housing can help people who have been displaced from their homes.

For example, when lightning struck the home of a Berthoud, CO family, an insurance company approached AvenueWest in Ft. Collins, asking them to find a short-term, furnished rental for their client.

Because of the housing shortage plaguing Northern Colorado, Deb says she knew finding this family temporary living quarters wouldn’t be easy.

“We didn’t have any properties under management that met this family’s specific size and location needs,” says Deb. “Rather than turning the insurance company away, we got resourceful. We contacted a builder in Loveland about leasing one of his new apartment suites so we could furnish it and use it as a short-term rental for the Berthoud family. He agreed. We were able to help this family during a time of crisis and that felt great!”

Success At Last!

By the end of their first six months as AvenueWest franchisees, Deb and Todd say they have become cash flow positive and currently have more than 50 properties in inventory.

“We are very proud of how fast and confidently Deb and Todd have grown the AvenueWest brand in Northern Colorado. They have become one of our most successful franchisees in only one year. We look forward to continuing our relationship with this dynamic duo, and to proudly serve the corporate housing needs throughout Northern Colorado,” says Smith.

Looking Ahead

AvenueWest has become a full time career for both Deb and Todd (both left their day jobs), and they both agree that their earning potential far exceeds their previous career paths.

While 2014 was a fast-growth year for AvenueWest Northern Colorado, Deb says she knows she still has a lot of work to do. She says she would like to reach an exciting milestone of 100 properties in inventory within the next two years.

 “Northern Colorado is an in-demand region for both residents and businesses. We can only hope we are in a position to help all the clients that come our way in search of furnished, temporary housing,” says Deb.

About AvenueWest Northern Colorado

Since 1999 AvenueWest has been providing award winning service and exclusive furnished corporate housing properties.  The company is focused on hands-on customer service and high quality rentals to meet the housing needs of both the experienced business traveler and also the discerning traveler on a budget. Fort Collins is a rapidly growing city with an award winning quality of life.  AvenueWest Northern Colorado strives to connect clients with the short-term, furnished housing they need in Old Town, Southeast Fort Collins, North Fort Collins, Midtown, Water Valley, Centerra, Loveland, Windsor, and Greeley.

Need Corporate Housing Technology?

One of the most popular reasons people start talking with us about becoming part of the AvenueWest Team is because of all the integrated systems we have in place…

AvenueWest Global Franchise employs leading edge, yet proven technologies to provide the best possible level of service to our franchisees, clients and our corporate housing guests.  Our goals for our team include providing a simple rental process, rent processing, reservation tracking, property tracking, property management and property marketing.

Our software and technology includes:

AvenueWest.com

AvenueWest’s website is more than photos and text. Our website has long established SEO / Search Engine Optimization that connects with all of our current and new offices.  This website holds reams of data for all of our exclusive property management properties. From our detailed property database we are able to select the best possible rental options for our clients and send them detailed property information sheets. With http://www.AvenueWest.com you can send us a service request, request general information, and learn about your new temporary home and it is surroundings. Our robust website has also been designed for ease of use and navigation and has specific sites dedicated to all of the rental markets in our larger franchise program.

Aaxsys Temporary Housing Software

Aaxsys is the leading corporate and temporary housing software application available in the corporate housing industry today. Aaxsys provides property management, financial accounting, reservation systems to manage AvenueWest’s worldwide rental capabilities, and numerous other business applications. We have the ability to bill daily, weekly, or in 30 day recurring increments.   Our systems handle credit card processing accurately and securely. Our system also manages multiple roommates, block rentals, and all key guest/client information.  Aaxsys also allows all AvenueWest offices to efficiently see and book properties throughout the system and offers real time booking features for potential clients who want to use an internet portal to book their next corporate housing rental.

CHBO

AvenueWest has teamed up with CHBO, the premier corporate housing marketing website, to provide international marketing for properties within the AvenueWest system.  Direct links between Aaxsys and CHBO allow for fully integrated real time property availability.  CHBO’s longevity in the market place has made it the go-to site for business travelers across the globe.

Centralized Phone System

The AvenueWest Franchise Program provides a centralized toll free number that is answered by a live person during the day allowing for streamlined global marketing, connected with our local real person-to-person service.

Social Media Marketing

AvenueWest’s team of experienced corporate housing marketing professionals allows us to blog, tweet and facebook consistently during the week to connect with new business travelers while our franchisees can stay focused on developing their local business.

Cloud Computing:

AvenueWest is one of the first corporate housing companies in America to deploy all software on established servers off-site with an established IT server farm. This IT option provides numerous redundancies, 99.97% uptime, instant 24/7 worldwide access for our staff members, and unmatched security. Our platforms meet all of the latest security, disaster recovery, and redundancy protocols called for with our relocation, government and private industry clients. All information and entries are backed up daily, many back ups occurring with each keystroke.

Oldie But Goodie

Invariably around this time of year, every year, our thoughts will sooner or later turn to the New Year and what we hope to accomplish. This hope comes in the form of New Year’s resolutions, commitments to one’s self or goals.

When it comes to setting goals remember to keep it S.M.A.R.T. (I told you it was an oldie but goodie). The origin of this acronym dates back to 1981, and has been interpreted a number of different ways since then but my preference is:

S…. make your goals specific. Not “I want to open a business” but rather “I will open a Property Management business in the Corporate Housing Industry”

M…. make sure your goals are measurable; otherwise they are no more than a dream. “I want to lose a lot of weight this coming year” is a wonderful thought but “I want to lose 20lbs by the end of the New Year” is a measurable goal. Did you or did you not reach it?

A…are your goals attainable. Specifically, is it even possible to reach that goal? For me, a goal to be President of the United States is not attainable, since I’m not a natural born U.S. citizen.

R… is your goal realistic? As much as I want to be an NBA center, it’s just not realistic. Perhaps a better example would be “I want to own the largest corporate housing business in the relocation industry by the end of next year”…sorry to disappoint you, but that just isn’t realistic at all!

T…your goals must have a time frame. That is a date, or number of days, weeks, months or years by which time you will have achieved that goal. Without the deadline a goal is no more than a wish.

One last thing, to be truly successful in reaching your goals they need to be written down. It’s not good enough to say “oh I know what my goals are because I keep them in my head all the time.” If you’ve taken the time to set your goals why not stack the deck in your favor by taking that small step of writing them down. Then share them with a friend, business coach or trusted advisor; at AvenueWest Managed Corporate Housing our franchises share their goals with our founder, Kimberly Smith, and myself. Then hold yourself accountable throughout the year by sharing updates on your progress with those advisors. Don’t accept my word for it, check out Dr. Gail Mathews’ study at: http://www.dominican.edu/dominicannews/study-backs-up-strategies-for-achieving-goals

And remember…take your goals out and read them from time to time…are they still what you want? Are you on track to achieving them? Do you still even want to attain that particular goal? If not, go ahead change it…you’re allowed…THEY ARE YOURS!

Mark Vost

Business Development

AvenueWest Global Franchise

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