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AvenueWest Celebrates 20 Years in Business with Expansive Growth and Great Customer Service

The largest managed corporate housing company in the world demonstrates service, quality and choice translating into staying power, relevancy and keys to international growth.

This year marks the 20thanniversary of AvenueWest Corporate Housing, Inc., an award winning Colorado based business that has shown staying power by finding real estate and lodging solutions for customers in the economic ups and downs of the last 20 years.  Founded on the principles of service, quality and choice, AvenueWest Global Franchise now has 13 local real estate franchise brokerages and just launched AvenueWest Canada to further its North American expansion.20th anniversary logo v4-06

In a world before AirBnB, AvenueWest saw the business potential for residential rentals, and today is the leader in the furnished residential monthly leasing and real estate business development. AvenueWest Corporate Housing started as a small real estatemanagement company but quickly grew to the largest provider of corporate housing rentals inColorado.  Driven by the development of new ideas, meaningful innovation and vision for corporate growth, in 2010 AvenueWest Global Franchise, LLC was launched, enabling the national expansion of the AvenueWest Managed Corporate Housing business model. In 2018, AvenueWest Global Franchise, LLC,was nameda Colorado Company to Watch, acknowledging the drive, excellence and influence of AvenueWestas a growing company in the state. Colorado Companies to Watch honors second stage companies that develop valuable products and services, create quality jobs, enrich communities, and create new industries throughout Colorado.

A recognized leader in the industry, AvenueWest was awarded the Corporate Housing Providers Association’s (CHPA) prestigious Provider Company of the Year Award, in 2019 AvenueWest was short-listed for the international Serviced Apartment Provider of the Year Award, in 2018 Think Realty Magazine awarded them the Industry Influencer award and they have been listed for 3 consecutive years on Inc Magazine’s Inc 5000 list featuring the country’s fastest growing businesses. AvenueWest’s CEO, Angela Healy, states that there are two secrets to the company’s success. First, we work hard to run AvenueWest as a team and develop a place where our employees enjoy coming to work, take pride in what they do and create lasting solutions for the tasks at hand. Secondly, Healy adds, that we 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.” Screen Shot 2019-04-24 at 9.21.10 AM

Mrs Healy stated, “The AvenueWest Managed Corporate Housing business model works and there is proven national demand for the unique rental properties only offered through AvenueWest, but the real estate property management business model requires state specific real estate licenses to operate in each state.  With a strong focus on quality and consistency, the AvenueWest business model began the evolution to a franchise model that developed locally owned and operated real estate brokerage offering managed corporate housing as a business lodging solution.  Creating a franchise business varied significantly from the development of a real estate brokerage offering furnished monthly rentals.  The new model had to develop training and systems that could expand and replicate what had been primarily done just through the development of key employees.  Today there are 13 locally owned AvenueWest franchises located in 7 states.  Current AvenueWest offices are located in  Atlanta, GA – Boulder,CO – Colorado Springs, CO – Dallas, TX – Denver, CO – Denver South / DTC – Fort Collins, CO – Phoenix, AZ – Las Vegas, NV – San Francisco, CA – Scottsdale, AZ – St Louis, MO – Tucson, AZ.

Today, AvenueWest still has the same mission statement it started with in 1999.  “We can best serve our tenants and property owners by always improving the quality of everything we do as a team.  We are committed to the process of becoming a continuously self-improving organization.”The  AvenueWest  franchise business model is different than the standard McDonalds as we work together on innovation.  Part of the value of our franchise program is that innovation not only comes from the top down but also from the bottom up.  We believe, and have demonstrated, the value of working with each franchise to best understand the innovations they make everyday and the Global Team works hard to disseminate these ideas as best practices for the benefit of all offices.  Together we achieve more, together we grow more, and together we innovate more.  There are thousands of moving parts that come together to make a corporate housing rental and each little element of innovation can improve the entire process.Screen Shot 2019-01-07 at 10.54.29 AM

A simple view of what we do is to work with property owners who have or want to develop residential investment real estate.  Our systems work to make sure the properties meet and exceed industry and client expectations.  Our management teams work hard to maintain and improve the condition of the investment properties and ensure the property meets the needs and expectations of the tenant.  All of this is supported by accounting teams that understand state specific real estate and accounting laws, as well as leasing agents, who work to develop and manage business customers around the globe.

“We are now poised for strong growth,” believes Mrs Healy.”We have proven our original business model, we have now perfected and proven our franchise model.  We will start by getting to 25 offices by the end of 2020.”  In addition AvenueWest has identified over 230 North American cities where the AvenueWest business model will work and there is sufficient lodging demand.

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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.

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.

AvenueWest Global Franchise Opens Managed Corporate Housing Office in Phoenix

Denver, CO & Phoenix, AZ – October 1st, 2013 – AvenueWest Global Franchise today announces the opening of its latest location, AvenueWest Phoenix, located in Phoenix at the intersection of Camelback and Central Avenue. AvenueWest Phoenix connects private landlords with those in need of corporate housing. Corporate housing is defined as fully furnished rental apartments, homes or condominiums offered for rent on a short-term basis, usually for one month or more.

Meghan Hartman, the owner of the AvenueWest Phoenix office, says Phoenix is the perfect place to set up a corporate housing shop.  “As the economy continues to strengthen, more and more people are relocating into the Phoenix area.  Phoenix has a very dynamic housing market, and property inventory is at a premium so it may take several months for people moving into the Phoenix market to find a new home, and short term housing presents the best solution during that transition.”

Hartman continued: “Phoenix has always been a destination market and we have a large number of visitors every year.  Many people want to stay in a home with all of the amenities, and AvenueWest offers the perfect solution for those who want the comforts of home rather than a potentially more expensive transient experience at a hotel.”

Hartman, whose past experiences include corporate positions with a number of real estate related franchisors and owning and operating her own real estate brokerage, will officially open the AvenueWest Phoenix office on October 1, 2013. Hartman adds: the interest in managed corporate housing from corporations, investors and real estate professionals alike is exceeding her expectations.

“With such interest brewing from corporations in the entire valley, the real opportunity lies with individual homeowners who want to offer their furnished homes as corporate rental properties. They have the opportunity to work with us to capitalize on and profit from the growing need for temporary housing solutions in the area,” she says.

Kimberly Smith, the CEO of AvenueWest Global Franchise, says that opening an office in Phoenix has been on her bucket list since the day she started her business. She says she believes managed housing is the best solution to meet the short term housing needs of the Phoenix market.

“An executive who wants a furnished property with all the creature comforts of home and high-end furnishings will have a strong preference for AvenueWest’s corporate rental properties over a transient hotel setting or other generic apartment rentals,” says Smith.  “With Meghan’s knowledge of the area and industry, AvenueWest Phoenix now offers the kinds of rental properties required by discerning executives. It also offers the opportunity for private landlords to earn greatly increased rental income on their properties.”

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 offices in Boston MA, Colorado Springs CO, Dallas TX, Denver CO, Phoenix, AZ and San Francisco CA, and has recently embarked on an aggressive expansion plan with expectations to open offices before year’s end in Atlanta GA, and Fort Collins CO.

About AvenueWest Phoenix: AvenueWest Phoenix, a franchise of Denver-based AvenueWest Global Franchise, opened its doors on October 1, 2013 and is owned and managed by Meghan Hartman, a long-time real estate and franchise executive. AvenueWest Phoenix 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 Phoenix, or to find a property during your temporary stay in the area, contact Meghan Hartman at 602-689-9937 or via email at: Meghan@AvenueWest.com.

To learn more about AvenueWest Phoenix and AvenueWest Global Franchise, visit www.AvenueWest.com.

For franchise opportunities and information, visit: www.AvenueWestFranchise.com.

AvenueWest 2013 – Top 50 Real Estate Investment Opinion Makers & Market Leaders.

Personal Real Estate Investor Magazine “Building Wealth Through Property Investment”  this month honored AvenueWest as one of the top leaders in the United States along with HomeVestors and Real Property Management.

Welcome to International Women’s Day

Welcome to International Women’s Day

Take a minute and make a difference – some of my favorites ClinicaVerde.org (Nicaragua), Arzu (Afganistan), DhakaWeaves.org (Nepal), AfricaAid.com (Africa)

Is your vacation rental legal?

http://www.usatoday.com/story/dispatches/2013/02/28/vacation-rentals-airbnb-homeaway-regulation/1950797/

Is your vacation rental legal?

Fueled by the housing bust and embraced by cost-conscious, Web-savvy travelers, short-term vacation rentals have been booming from Manhattan to Maui. But so has controversy, as irate neighbors complain about the negative impact of transients and traditional lodgings say inconsistent local laws put them at a competitive disadvantage.

Now, a coalition of major players in the short-term (less than 30 consecutive days) rental market — Airbnb, FlipKey, HomeAway and TripAdvisor — have joined forces to influence cities’ attempts to regulate or ban the trend. Their new website, the Short Term Rental Advocacy Center, spotlights current legislation in 10 U.S. destinations. Though aimed primarily at policy makers and owners, it also lets would-be renters know the rules surrounding their stays.

http://www.stradvocacy.org/

 

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