Tag: group hotel lodging

What Is Corporate Housing?

Corporate Housing in New Braunfels, TX, is a fully furnished apartment, condo, or house that is temporarily available for rent. Unlike hotels designed for vacationers, corporate housing is geared towards business travelers.

For those considering this type of accommodation, there are several important considerations to keep in mind.

What to Know About Corporate Housing | Furnished Quarters

Corporate housing is designed with business travelers in mind, which means they offer a comfortable home away from home experience. You’ll often find these apartments, homes or condos in residential communities, so you can feel part of a community during your stay and have access to shared amenities that make you feel like you’re at home. These amenities may include fitness facilities, swimming pools, and more.

Furnished with everything you need to live, work and relax, corporate rentals provide a comfortable home base during your short or long-term relocation. Unlike hotels or Airbnb rentals, furnishings and all utilities are typically included in the pricing structure so you’re not hit with hidden fees at checkout. Plus, furniture and appliances like sofas, beds, smart televisions, and quality cookware transform your apartment into a home-away-from-home.

You’ll also likely have access to additional community amenities, such as community BBQs, movie nights, or fitness classes, to help you feel a sense of belonging in your new location. This is especially important if you’re staying in an unfamiliar city for an extended period of time. In addition, many corporate housing companies have on-site staff to help you get settled in your new city and answer any questions you might have.

Aside from the convenience of having all essential amenities included, a comfort level comparable to that of your own home, and no hidden fees, corporate housing also offers competitive pricing compared to traditional hotels and short-term rental solutions such as Airbnb. Depending on the company, you might even have access to exclusive perks that set them apart from competitors.

The flexibility of corporate leasing is another benefit, allowing you to secure premium living spaces on terms as short as 30 days. That’s a huge advantage for people who have to relocate on short notice, such as interns or college students who land a summer internship across the country. It wouldn’t make sense for them to move their entire lives, sign a lease on a home they won’t be able to keep and pay for movers when they leave.

Corporate housing is a great option for those who need a comfortable place to call home during their relocation, but don’t have the time to shop for furnishings and navigate complicated lease agreements. With furniture, amenities, and utilities already included in the flat rate, it makes a great option for busy professionals who want to focus on their relocation and job.

Convenience

Unlike hotel rooms and Airbnb-style rentals, corporate housing is fully furnished with everything you need to live comfortably. This includes a kitchen stocked with appliances, cookware, and utensils, as well as bed linens, towels, and cable or satellite TV. Corporate housing also offers housekeeping services to make your stay as stress-free and convenient as possible. Additionally, many providers offer a range of additional amenities that are perfect for a busy lifestyle, including fitness centers, pools, business lounges, and concierge services.

Corporate housing companies also provide utilities, making it easy for you or your company to budget for your temporary accommodations. This means that you won’t have to worry about paying separate bills for electricity, gas, and water. Instead, these expenses will be included in the flat rate charged for your rental. This is especially helpful for those who are on long business trips or relocating for work.

The location of your corporate housing property is another important aspect to consider. You want to be sure that it’s close to your office and other key destinations. This way, you’ll have a short work commute and be able to get home to your comfortable apartment as quickly as possible. Fortunately, most corporate housing locations are located right in or near business districts, making it easy for you to get to where you need to be.

Whether you’re on a business trip, relocating for work, or looking for a temporary solution to a housing emergency, corporate housing is the answer. Unlike hotels, these fully-furnished apartments or houses give you the comfort of home without the hassles of moving and setting up a permanent place to live. Plus, they have flexible lease terms so you can extend or shorten your stay at any time. Then, when it’s time to move on, you’ll be able to take your belongings with you and have the peace of mind knowing that your next home will be just as welcoming.

Value

Corporate housing goes by a variety of names: temporary housing, furnished apartments, executive suites and more. But no matter what it’s called, the concept is essentially the same: a short-term fully furnished rental in a convenient location. People use it for a number of reasons: relocating to a new city for work, staying somewhere else during home renovations, being displaced by a fire or natural disaster covered by insurance, and more.

A lot of the time, the reason relocating employees choose corporate housing is to stay somewhere that feels like a true home. Unlike hotels, which typically have only the basics for guests, corporate housing is equipped with kitchens stocked with essentials like pots and pans, silverware, glassware, extra linens and toiletries, in-unit washers and dryers, and even desks or home offices in some cases.

Those who manage corporate rentals are usually professionals, so they’re generally well-organized and tend to treat their spaces with care. They’re also aware that their behavior in your property reflects on their employer, so they’re less likely to damage anything or treat the space badly.

Additionally, most rental providers offer a variety of other services that make the experience easier for their tenants. One example is direct billing for utilities, rent, and other fees, as well as 24-hour customer service. Another advantage is flexible lease terms, which allow residents to move out when they’re done without worrying about a penalty.

Unlike Airbnb, which allows owners to adjust prices on demand and seasonality, corporate housing has a more stable revenue stream that can help to offset some of the upfront costs involved with acquiring and furnishing a unit. But it’s also a more difficult rental strategy to manage because of the longer periods of vacancy and lower occupancy rates. It’s still a viable option for investors, though, especially if they focus on the right segments of the market. For example, high-end luxury corporate housing can provide excellent returns with a relatively low occupancy rate. It just requires more time and attention from the investor. For that reason, many landlords prefer to hire professional managers who can handle the demands of a corporate housing investment.