Read This Before Selecting A Corporate Housing Provider

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Presentation Description

*Corporate Housing *Understanding Corporate Housing *Corporate Housing vs. Furnished Housing *Corporate Housing Vs. Hotels *The Benefits of Corporate Housing *Corporate Housing Rentals *Corporate Housing – What’s Included? *Corporate Housing Property Trends *Corporate Housing Costs *The Mystery of Fully Furnished, Temporary Corporate Housing *Suitable Professions for Corporate Housing


Presentation Transcript

Read This Before Selecting A Corporate Housing Provider:

Read This Before Selecting A Corporate Housing Provider


Synopsis Corporate Housing Understanding Corporate Housing Corporate Housing vs. Furnished Housing Corporate Housing Vs. Hotels The Benefits of Corporate Housing Corporate Housing Rentals Corporate Housing – What’s Included? Corporate Housing Property Trends Corporate Housing Costs The Mystery of Fully Furnished, Temporary Corporate Housing Suitable Professions for Corporate Housing

Corporate Housing:

Corporate Housing Corporate housing is a fully furnished and serviced housing option that is available to be rented on a temporary basis. Corporate housing can also be referred to as a short-term housing, temporary housing, serviced apartments, executive apartments, or corporate apartments. The average time of stay at a corporate housing can range between two to three months. Thus, making it longer than an average business trip. Some housing may even have minimum stay limits, such as fourteen days or thirty days. Corporate housing can generally be found in condominiums or apartments. However, you might even be able to find some single-family detached homes depending on the city and area that you look in. Corporate housing does include some amenities, but they all depend on each provider. Traditionally, only corporate employees and business travelers used corporate housing and they still use it. However, the number of industries that use corporate housing has grown over the last decade or so.

Corporate Housing:

Corporate Housing The most common corporate house client industries include: Technology (e.g. contracted programmers) Construction and manufacturing (e.g. project managers) Professional services (e.g. consultants) Entertainment (e.g. film crews and stage performers) Banking and finance (e.g. auditors) Military and government (e.g. reassigned service members) Energy (e.g. oil and gas workers) Healthcare (e.g. medical researchers and travel nurses)

Understanding Corporate Housing:

Understanding Corporate Housing In most cases, corporate housing includes: Exceptional amenities Customized & personalized units Pet friendly living locations Fully furnished living areas. Including: an all-inclusive kitchen, dining area, bathroom, and living area necessities. All utilities. Including: gas, electricity, cable TV, internet service (wireless), sewer, trash, water, and recycling. All necessary permits & fees. Washer and dryer (most units)

Corporate Housing vs. Furnished Housing:

Corporate Housing vs. Furnished Housing A furnished property can simply be any type of property that us up for rent that also includes furniture. It can be furnished with long term renters or vacationers in mind. The home owner can also partially furnish it or fully furnish it, depending on who they are trying to rent the property to. There is not any industry standard or acceptable rules that qualify a furnished rental. A furnished property can simply be a property for rent for a year, month, week or even just a night. A corporate housing on the other hand is quite different. These properties are furnished with a corporate employee or user in mind. Hence, there are strict and specific standards that must meet corporate housing industry standards, including the level of service and the quality of the furnishings.

Corporate Housing Vs. Hotels:

Corporate Housing Vs. Hotels Factors Corporate Housing Hotel Booking Each stay is based on cost and preference. Booked by experts. Convenient location. Each stay is based on room availability. Booked by travel agents. Location based on what is available. Arrival Welcome package with information, instructions. Given a welcome call. Self-guided based on flyers in the hotel or in the room. Check In No wait. Get the key and you are home. Wait at the lobby desk. Standard check in with a key. Room Fully furnished kitchen, living room, bedroom, and bathroom. Spacious. (4 times larger than a hotel room). Extra amenities. Quiet and private. Bed and bathroom. TV, fridge, coffee maker, nice view (these are not guaranteed). Can be noisy.

Corporate Housing Vs. Hotels:

Corporate Housing Vs. Hotels Factors Corporate Housing Hotel Health Large gym with the option of taking classes. Biking trails, sports courts. Comfortable sleep. Masseuse. Pool/spa areas. Lots of restaurant and healthy eating options. Small gym, shared with many people. Possibility of a pool. May be 1 restaurant in the hotel. Amenities Game-rooms. TV’s. Fire pits and grills. Bike and sports rentals. Lounges and decks. Bars. Parks. Pet areas. Pool. Standard TV. Possible bar. Cost The longer the stay, the cheaper. The longer the stay, the more expensive. Length of Stay For longer periods of stay. This is recommended for a stay that is 14 plus days. For a shorter period of stay. This is recommended for a stay that is max a week long. Reviews Can submit feedback to corporate housing. Follow up on your stay. Can write an online hotel review.

The Benefits of Corporate Housing:

The Benefits of Corporate Housing Cost-effective Corporate housing is much more cost-effective than paying for a hotel room. This is a great way for companies or people to save money when on a business trip or for leisure purposes. If you are going on a trip that is more than 14 days, a corporate house is much better suited for your stay over a hotel. For corporate housing the longer the stay, the cheaper it is. More Comfortable/Customizable Corporate housing will make an employee or persons trip much more comfortable. Corporate housing rentals are usually fully furnished, providing people with a furnished kitchen, bathroom, bedroom, and living area. They are often 3-4 times larger than a hotel room, which makes the living area much more spacious and comfortable. In addition to being comfortable, there is always the option of customizing a corporate house to suit your needs. You have many options of choosing a one, two, or three bedroom house, having a washer or dryer, having pet friendly amenities, etc. Health Benefits Corporate housing can also provide many health benefits. First off, corporate housing provides tenants with a fully furnished kitchen. This gives tenants the ability to cook their own meals in their living area.

The Benefits of Corporate Housing:

The Benefits of Corporate Housing This saves them from having to go out to restaurants or eat fast food every day. Secondly, corporate housing accommodations often provide tenants with a full-service gym, hiking trails, bike rentals, and many other sporting activities. So during their stay, they have the resources to keep active. Lastly, a good sleep aids in a healthy lifestyle. Corporate housing offers the best in terms of sleeping accommodations. They offer top of the line linens to offer tenants a good night’s rest. This will also benefit employers in productivity from their employees. Location Corporate housing accommodations are often located in the heart of many popular cities. This is very beneficial to people as it makes their commute to wherever they have to go, a lot easier. This saves them the hassle of leaving early to get places on time and also makes for cheaper transportation. More Private Corporate housing offers people privacy and a quiet living accommodation. Rather than sharing a floor or building with someone, corporate housing is usually offered on their own. This can be great as it is definitely quieter and you don’t have to worry about the neighbors or people in the room next door keeping you up all night .

Corporate Housing Rentals:

Corporate Housing Rentals Corporate employees that are traveling for work, and also, intend to stay a longer than average length of time, will often take up the use of corporate housing units. These units are designed so that they are more comfortable to the corporate user than a traditional hotel. On top of that, these employees then do not have to worry about renting out a certain period for a possible unknown amount of time. However, though these corporate housing units started off as being solely for corporate employees and business executives – they have long passed moved away from that. These units are generally fully equipped with the top-level quality appliances and furnishings. However, these units also offer more room and privacy than a traditional hotel. These corporate housing properties are placed in central locations with easy access and distance to the main town centers and convenience stores. These units are more often than not placed in upscale apartment buildings where your neighbors might also be fellow employees or other traveling executives. These apartments are great for travelers or those that are relocating as they offer an option for them if they are moving to a completely new city or country. These fully furnished apartments can provide them with the extra buffer that can aid in resolving some tension. Some of these housing units might even come with a cleaning service that can take care of beds and cleaning while you are at work or out and about running errands.

Corporate Housing – What’s Included?:

Corporate Housing – What’s Included? Home Area What’s Included? Living Area Coffee table Satellite/cable connections DVD player Phone / answering machine Lights Sofa/lounge chairs LCD TV & TV stand Kitchen Oven Microwave Refrigerator Coffee maker Cutlery/utensils Cookware/pans Dishwasher Bedroom Queen or king size beds LCD TV Linen/pillows Alarm clock Phone Closets

Corporate Housing – What’s Included?:

Corporate Housing – What’s Included? Home Area What’s Included? Bathroom Bathroom suite Shower curtain/mat Bath and/or shower Vanity Towels Storage closets/drawers Other Gas/ water/ internet/ satellite/ electricity Blinds Storage WIFI Fans Air conditioning/heater Ironing board Vacuum Community amenities (gym, spa, hiking trails, restaurants, bar, decks, trails, sports rentals, pools)

Corporate Housing Property Trends:

Corporate Housing Property Trends Today’s working generation understands the work-life balance. So, they research more and more to find homes that will support his or her lifestyle without any major inconveniences. While they research, some prospective homeowners might require housing support. This is where corporate housing properties come in handy. These locations offer excellent service and lifestyles with the perfect blend of hotel life and home life. Residents are looking for relaxing yet fun activities to support their lifestyle. These can include art galleries, museums, fitness centers, shopping, notable restaurants, bike paths, beaches, trails, and parks. The best part is that most of these corporate housing units are placed in a central location that have the most to offer their residents in that particular area. As to the following strict corporate housing standards, users will have the utmost comfort while they stay at these properties. Most times corporate housing is only seen as units that are for the use of corporate employees or business executives, but that is rapidly changing. Individuals from a variety of different professions are choosing corporate housing, simply because of the benefits that it offers them. Aside from the typical business executives, these professions can include traveling nurses, entertainers, students, and homeowners who are looking for a place to stay for such things as renovations or relocations. However, even with this changing market, corporate housing across the nation has remained intact with their standards .

Corporate Housing Costs:

Corporate Housing Costs Corporate housing in the United States costs an average of $150 dollars a day, as stated by the Corporate Housing Providers Association. This price can fluctuate based on duration of stay, size, extra amenities, and location. There are many corporate housing choices available to meet anyone’s budget. The average cost for corporate housing ranges between $70-$200 per night. For larger cities and tourist attractions such as New York, San Francisco, and Chicago, you can expect to pay on the higher end of the pay scale. For smaller, less popular cities such as Nashville, Salt Lake City, and Tulsa, you can expect to pay a price on the lower end of the pay scale. Corporate housing costs are sometimes taken care of by businesses or insurance companies, depending on your reason for stay. For executives, employees, or interns that travel for work meetings, conventions, or to complete jobs, business employers often pay for corporate housing. When accommodations are needed for homeowners who have been affected by natural disaster events to their home, insurance companies may also take care of the bill .

The Mystery of Fully Furnished, Temporary Corporate Housing:

The Mystery of Fully Furnished, Temporary Corporate Housing 'Corporate Housing' is the term that is currently used for short or long term, all-utilities-included, fully furnished apartment rentals. And in the past, that is who it was exclusively for: corporations that needed temporary housing in a city like St. Louis. But now, corporate housing covers a wide variety of clients. These include : People who are buying or selling a home Vacationers/Travelers Family members who visit for extended periods Separate or divorcing couples along with our typical residents, who include : People relocating to St. Louis for a new position Business travelers in town for temporary assignments Construction workers, temporary workers Health Care workers on temporary assignments or anyone who needs the convenience of walking into a fully-furnished, all-inclusive, temporary apartment, with only one bill to pay each month .

Suitable Professions for Corporate Housing:

Suitable Professions for Corporate Housing Though corporate housing started off as a housing option for employees of corporations, it grew to include students, vacationers, and those individuals who required short-term housing. Most corporate housing units can have higher fees than expected, but they include amenities such as cleaning services, parking, and easy commute. Many corporations have chosen to take advantage of this great service. These fully furnished apartments end up being more manageable for those individuals that need to travel nationwide. These professionals can be from a range of professions, including corporate/business employees, government officials, entertainers, nurses, students, and homeowners who need temporary housing. When thinking of corporate housing, entertainers aren’t the first professionals that might come in mind. However, entertainers, including theater acts, musicians, and standup comedians, often perform at multiple shows in one city throughout the course of a week. For the lesser known entertainers, a corporate housing can provide a cheaper alternative than a traditional hotel. On top of that, corporate housing is generally more able to accommodate a larger group than a hotel might be able to. Aside from those, nurses and students are also some of the most popular users of corporate housing. Nurses can be relocated throughout the country. When those relocations last up to three months, corporate housing makes it easy to live comfortably in a city without being feeling pressured to rent a house. It also makes it easier for nurses and students to leave easily without having to worry about a lease .

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