Archive for the ‘ Corporate Housing ’ Category

Starting a Corporate Housing Business

An AvenueWest Managed Corporate Housing Franchise is best suited for something with real estate or corporate housing experience and for someone with general business knowledge.  Lets face it, there are a lot of moving parts with running a multi million dollar business.  AvenueWest is, at its core, a provider of class “A” corporate housing properties designed to meet the housing needs of the business traveler.

So what can you do if you are interested in getting started but might not yet be qualified to be an AvenueWest Franchisee or have a different product model in mind?  Actually we get calls like this every week and would be happy to answer your general questions but to get you started here are a list of resources that you might find helpful.

SBDC – Small Business Development Centers

Starting a business can be a challenge, but there is help for you in your area. Small Business Development Centers (SBDCs) are partnerships primarily between the government and colleges/universities administered by the Small Business Administration and aims at giving educational services for small business owners and aspiring entrepreneurs.

CHBO – Corporate Housing by Owner

Corporate Housing by Owner (CHBO) is an online marketplace that connects private homeowners with individuals and companies in need of short-term furnished rentals. At corporate housing by owner, private owners and companies list and advertise their rentals while companies and individuals in need of corporate housing search from the thousands of listings on our site throughout the world.

CHBO – Handbook

CHBO – Annual Report

CHPA – Corporate Housing Providers Association

The Corporate Housing Providers Association (CHPA) is a professional trade association exclusively dedicated to supporting corporate housing providers around the world.

More than 220 companies worldwide currently belong to CHPA.   Additionally, there are more than 50 member companies around the globe that offer goods or services to the industry as invaluable partners to the industry’s success.

Power Hour – for Corporate Housing Companies

PowerHour® is a thought-leader in executive recruiting servicesinvestment banking servicescorporate housing training,corporate housing webinarssearch engine optimization {SEO}search engine marketing {SEM} and group co-op buying services for our corporate housing clients around the world. Since 1995 PowerHour has been the industry leader, the author of the SmartMatch Alliances book and research analyst of Internet Marketing PowerHour White Papers.

Skill Path Seminars

Our unique brand of training enhances skills, saves time and money and contributes to career and organizational success. Along with our technical training division, CompuMaster, we accomplish all this through:

Seminars, workshops and conferences. From teambuilding and business writing to Microsoft® Office suite applications we bring hundreds of one- and two-day sessions right to your community.

On-site training. We build customized training programs and deliver more than 3,500 courses to 80,000 employees each year–at Fortune 500 corporations, small businesses, government agencies and not-for-profit organizations.

NEWS: Corporate Housing 2011 Industry Data

The annual Corporate Housing Industry Report has just been released.

Corporate Housing was a $2.49 billion dollar industry in the US in 2011 and it is growing.

The ADR – Average Daily Rate in 2011 across the United States was $123.81

I have often found people confuse furnished rentals with Corporate Housing – if your experience in renting a furnished property is less than $123.81 a night than chances are you are not tapping into the Corporate Housing market.  To learn more about Corporate Housing and how you can make it a business take a look at

December Corporate Housing Data

CHPA – Corporate Housing Pulse in December – 71.4% of the CHPA Board Member Companies better than the year before – 85.7% have a positive outlook – 85.7% had fewer units that Nov (but this is a seasonal norm) – What is your outlook?

Costco talks Corporate Housing is it right for you?

By John Morell

DID YOU MOVE recently? Can’t sell your home? You may have considered renting your property; however, finding traditional renters who want long-term leases is often as difficult as putting a house up for sale. That’s how Kimberly Smith got her business started in 2005. “I was working with companies to help them find corporate housing for traveling employees,” she explains. “People would tell me they couldn’t find a buyer for their own home and ask if I knew someone who wanted to rent it. I decided there had to be a way to connect these individual homeowners with corporate housing clients and we went from there.” Her Denver-based CorporateHousingBy ( has picked up on the trend toward short-term living. “Corporate housing is a $2.5 billion industry in the U.S., but it’s traditionally flown under the radar,” says Smith. “When most people think about renting out their home they’d prefer to do so with a tenant who signs a long-term lease, but there can be a lot of competition for those renters. However, there’s often a market for homes and condos that are available on a month-to-month basis or short-term lease.” Smith points out that there are countless well-paid professionals such as traveling nurses, business consultants, university professors and others who seek out short-term housing. She says, “These are people who need a place for one or more months that’s more comfortable and cost effective than a long stay at a hotel.” While traditionally corporate housing has been high-end condos and apartments located in metropolitan areas, Smith says that in today’s market almost anything goes. “If you have a single-family home in a suburban or rural area, you may find that there’s a need for short-term rentals,” she notes. “It could be a nearby company that has to accommodate employees for training sessions, or if you’re anywhere close to a performing arts center that has traveling shows doing engagements that are a month long or more, they’re also looking for housing.” Rates for corporate housing can be 25 percent or more higher than the regular rental market rates, but there are also higher costs for the owner. Besides regularly marketing the property to keep it occupied, the owner needs to keep it well furnished and up to market standards. To get a premium price, the home needs to be equipped with modern amenities, including high-speed Internet, cable/satellite TV and an alarm system.

Free updated CHBO Property Owner Handbook & 2011 Annual Report

AvenueWest offers a full service property management corporate housing product and business opportunity, but if you are interested in doing it yourself or just want to learn more than you need to take a look at CHBO…

Want to learn more about Corporate Housing?  How it all works?  What kind of investors are involved? or more details like how many forks to include in a 2 bedroom rental?  You can find it all for FREE on Corporate Housing by Owner.

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