Landlords have always had the ability to woo business travelers to their rentals.
But now that online travel agencies such as Airbnb, HomeAway, and TripAdvisor have gone mainstream, it’s easier than ever!
Let’s define a corporate rental as dwelling that’s lease directly to a company or a business traveler who has a housing allowance. If a company is paying for the rental, and not the tenant, then it’s a corporate rental.
When a company pays their employees or contractors to work remotely, then that tenant: 1 – Will behave and not embarrass their employer
2 – Will have a binary attitude towards your rates. Either they are within their allowance, or they aren’t.
These two characteristics make business travelers the most lucrative and ideal people for your rentals.
The Opportunity
Business travelers find that with short-term corporate rentals, they are able to afford more home-like conveniences for less. They are able to cook healthier, have more privacy, and have a richer travel experience when they don’t stay at a hotel.
That’s why the trend in corporate housing is spiking. Especially when a traveler is on an assignment for 30 days or longer.
Extended stay business travelers actively search for houses and apartments to live in. Many want to live in neighborhoods and not off freeway offramps.
Now, is it possible that you could furnish a rental to accommodate corporate travelers? Could you earn hotel- ... Read More…