Title: Corporate Housing - Several Options You Need To Know
1Corporate Housing - Several Options You Need To
Know
2Synopsis
- Gathering the Corporates to find a home
- Examining Corporate Housing
- Finding a temporary Home with CHBO
- Looking for investments Corporate Housing
- No housing problems when we move overseas
- A Good Living to be made in the Corporate housing
market - Making your first temporary Overseas Trip
- The True Benefits of Corporate Housing Examined
- Going overseas to that ExpoFind accommodation is
available - Great Accommodation Available Overseas
3Gathering the Corporates to find a home
- If you have a job where you need to travel
extensively then the corporate housing seems like
a miracle. An oasis in the desert of a city.
There is the expense to be considered. If you
travel by car or airplane to another city you
want to minimize costs. If your business is built
on travelling then your travel costs are your
most expensive commodity and affect your bottom
line. Another example is Global Corporate housing
which also offers one, two and three-bedroom
apartments at much lower rates than hotels. Take
a floor plan example. The average floor plan
offered by GCA (Global corporate housing) ranges
from 700 square feet and the rate around 85 to
115 per night whilst a hotel of similar sized
accommodation would cost you in the region of
125 to 295 per night. Quite a difference. Also,
having a fully equipped kitchen enables you to
eat healthier, the foods you would normally have
at home. Whilst in a hot you are more or less
confined to a menu unless you decide to go out to
eat each day. This defeats the object of the
hotel. Imaging the difference if a company was
paying a fee for its temporary employees'
accommodation. - There are so many plusses offered by GCA, being a
home from home, a furnished apartment has its own
TV, a clothes washer and dryer, ironing
facilities, high speed wireless communication
(Wi-Fi) and of course, a cordless phone. Residing
at such accommodation an employer who may be
renting the accommodation permanently and who may
have employees coming and going, save a virtual
mint of cash. Today, many specialists such as
chemists from the pharmaceutical industry, NASA,
OTC drug companies commute monthly. It does not
pay a corporate to permanently employ such
specialists but rather to hire them on a specific
project basis or simply to gain their experience
monthly. GCA or CHBO is therefore a necessity.
4Examining Corporate Housing
- Most of these types of rentals are high class or
high-quality rentals and have been purposely set
up to provide all the essentials for short term
rentals. It is best to check how long the rentals
are available for. Of course, the travel agents
which you can find in just about any town can be
of assistance here. They usually look after the
rentals whilst booking your flight or bus trip
whichever the case. The travel agents would be
ably to advise you on the type of accommodation
you need and generally take care of all your
requirements. - Travel agents are very involved with corporate
housing world wide and will often offer you a
package deal where they represent the corporate
housing properties. This package deals will, in
all probability, be more cost effective than
making your own arrangements. In a lot of cases
and if you are employed by a multi-national firm
you may find that they have their own corporate
housing, block booked for the relocating of staff
members temporarily. Some medical and
pharmaceutical firms worldwide such as can be
found at www.merck.com who employ over 50,000
people worldwide make use of corporate housing on
a daily basis. If you need specific items such as
a small venue for example including multiple
bedrooms and an area where you can hold a small
seminar for instance all that can be arranged as
well. Another well known fact is that people
re-locating may well have pets and therefore are
desirable of taking them with them. One such
company that can be sourced at www.tripping.com
do have pet friendly rentals, mostly short term
where you can either take a holiday or use them
as a stepping stone for relocating to another
country. This is quite useful to know as most
corporate housing do not really allow pets and
they have no provision for pets. Just make sure,
if you are relocating that your pet or pets
comply with the country regulations for
relocating pets before you decide on this avenue.
Some countries have quarantine regulations if you
wish to relocate pets.
5Finding a temporary Home with CHBO
- Travel agents are more often than not agents for
CHBO (corporate housing by owner) and this is a
vast and helpful enterprise. If they are not
accredited agents they will put you in touch with
one. Very often the course of action followed by
CHBO agents is to visit your present home and see
what living conditions exist, the size of your
house, your requirements such as internet and
laundry facilities. Bearing in mind that you may
have to be temporally accommodated for some time
until suitable home is found and purchased. - The idea of hotel accommodation is simply not
feasible when there is a family to consider. Many
corporates when re-locating employees use
corporate housing rather than putting up the
whole family in hotel. Hotels can be pleasant for
a short stay but the expense and living
accommodation is usually confined to one or two
rooms where you do not have the convenience of
your own goods around you. Sure, they can provide
high definition television and the internet but
really home is home and there is no place like
it. A suite however if considered as an option in
a moderately priced hotel will be far more
expensive than renting a fully furnished CHBO
unit or house, plus they are not very pleasant
for an extended stay which may be protracted by
your employer or for other reasons. If the
overseas assignment is permanent then there are
all sorts of other things to consider. It is
moderately easy to procure a new home but you
have to sell your own dwelling for example. A
three day or maybe a week at a hotel is fine and
can be considered a holiday but not longer.
Corporate housing brings home life back to normal
and if the corporate housing agent has done his
work correctly you will feel as though you are at
home, even if the environment is changed.
6Looking for investments Corporate Housing
- Why would corporate housing be a wise investment?
There are schools to be considered for the
children when relocating. Families need a
harmonious transition when the company they may
have been with for 15 years or more, suddenly
ships them off lock-stock and barrel to a foreign
country. - Global demand for corporate housing is on the
increase and in fact increased last year by 11
and revenues were expected to reach over 36
billion by the end of 2018.Is this reason enough
for investment? Definitely says Kimberly Smith
which is why so many corporates are funding this
type of short term housing. - Corporate Housing by Owner launched its 9th
annual real estate survey and collected data
through until February 2018. The survey
incorporated questions/topics such as Landlords
at properties, the average required length of
stay, pricing trends in various countries and
were amazed at the results of this survey. A
website was set up to make it easier for
individuals to find the ideal temporary place
residence. This site https//stlch.com/ Is well
worth looking into as it goes into likes and
dislikes of a property, size, furnishings and
available facilities etc. it would be well worth
getting some advice from CHBO before relocating
especially family relocation. Amazon have also
entered this lucrative market, Crocker-Amazon
offer quiet area residential short-term rentals
in up market suburbs and are also worth a look.
These are executive properties for rent with some
amazing facilities nearby.
7No housing problems when we move overseas
- When you are offered a semi-permanent or maybe
permanent overseas assignment you will surely
need temporary accommodation at first. Well, in
most cases a move would be inevitable, that is, a
whole a whole family move for a new overseas
position in the company. Being an aerodynamics
engineer is a good profession but for one thing.
They move you all over the world, that is, with
the aircraft industry. So, if a whole family,
Wife three children and two dogs had to move with
the aircraft industry, it had to move. Being in
the aircraft industry, the need to be precise in
everything even housing would be essential for
some. Presently, if owning a super house with all
the electrical conveniences and gadgets
imaginable it would need some replicating
especially in a foreign town. The need to
replicate an employee's house overseas was not
going to be an easy task however, there was a
solution. Consult the corporate housing by owner
organization or get it up on the PC screen. It is
well known that temporary housing the CHBO
(corporate housing by owner) for temporary
housing could accomplish just about every move
for home owners with temporary accommodation.
Temporary housing is an essential part of moving.
You cannot find a new house within a day or two.
You can however, find temporary rented
accommodation in a house or an apartment so this
seemed to be the answer. - If you do work for a company that offers
temporary overseas assignments or training there
may be a benefit scheme of housing allowance in
place, check this out! Remembering that moving to
a new state or country means you need to sell
your own house or for that matter, rent it out.
You could do no better than approach the CHBO
with this intention.
8A Good Living to be made in the Corporate housing
market
- YOU INITIAL INVESTMENT-JOINING THE CHBO
- Indeed, investment it the corporate housing
market would be a wise move by anyone. So, let's
assume that you have the funds to enter this
market and you do have a property or two for sale
or for rent. There are many things to do first
before you even think of entering the market.
What do you offer the public at large? Would you
be prepared to invest is upmarket accommodation?
If the answer is yes then you can start by
joining this group. You need to be known as a
team member and list your property immediately in
a specific group. It might be worth improving
your property by the inclusion of amenities and
or facilities it might not have. - YOU GET THE CHBO GUARANTEE
- The CHBO will guarantee that your property will
be rented with 30 days of listing. You simply
contact the online within 30 to 60 days from your
listing date and a property review will take
place by specialist enabling you to obtain all
the benefits CHBO offers and maybe extend your
annual listing/s. Basically, the CHBO is there to
assist you to rent your property. - ANNUAL REPORTS
- You will also receive annual property reports and
property valuations free of charge when joining.
Together with this there is all the corporate
housing news as well as the spotlight on property
generally. There is investment news and tips on
what sort of properties to invest in. Generally
speaking, the CHBO is an institution where you
can be sure of a good return on your property
investments.
9Making your first temporary Overseas Trip
- There are certain criteria which you must check
up on firstly. After selecting the method of
looking for a place to stay, you need to see what
the area has to offer. Once you have established
that there are quite a few places that attract
you and are suitable for your purpose, you need
to be sure of a few things. It would be no good
hiring a place that has a bad reputation for
services for example. You need to ask a lot of
questions especially if you have not been to that
area before. - Looking at a certain place that would suit you
ideally, you would need to look at the comments
left by previous occupants, like services,
facilities, what conveniences are available in
the immediate area, how payments can be made and,
can you increase your stay if you need to. Going
to a conference for example would have definite
dates so that could be an easier place to find.
However, if you are on a temporary overseas
assignment only, you might consider the fact that
these things have a have a habit of being
extended and the last thing you need to do is to
have to relocate for a week or two or maybe a
month before returning home. Relocating overseas
or wherever you are staying on a temporary basis
has its problems. You might have to move further
away from where you want to be. Can you extend
your stay if needed? - Try to make sure that it is in close proximity to
the place where you need to be or work. If it is
not that close then, what transport is available
in the immediate area? viz. busses, underground
rail transit systems etc. in that locale. It may
be better to stay in the area that you prefer or
that suits your pocket and commute to your
destination. Corporate housing is always
available but there are important criteria to be
considered first.
10The True Benefits of Corporate Housing Examined
- There are productivity benefits as well to be
considered. Business travelling can become tiring
and the better the accommodation for your
employees, the more productive they are.
Temporary or contract employees you may have
hired for a certain project need to be fresh and
wide awake. They may need to travel to sites with
frequent change of special work clothing. This is
where the corporate apartment comes into play
with its laundry facilities. Hotels can be
exceptionally tiring as you do not have the same
facilities such as cooking you own breakfast
without have to bother to dress for breakfast.
Hotel breakfast served in your room can be quite
an expensive exercise and you always seem to be
waiting for something or other. Maybe it's
pressing clothes, laundry etc. and personal items
have been known to be lost when staying at
hotels. - Jack Doyle founder of DC Corporate housing has
plenty to say about the benefits of corporate
housing. For example, a typical temporary
corporate housing lease is only 30 days whereas
you would be lucky to rent an apartment without
signing a six-month lease. So, from a corporate
point of view this is ideal. What's more, DCC
corporate housing can meet you on arrival if you
wish, show you around the apartment an explain a
few things such as locks, keys etc. and can also
arrange temporary insurance if required. In some
cases, delicate instruments etc need careful
looking after however, there is no need to take
chances so additional local temporary insurance
may be a good thing. Many corporates will insure
your belongings as part of their group insurance
policy.
11Going overseas to that ExpoFind accommodation is
available
- Before we host a show of any kind in a city we
need to take due cognizance of the fact that we
need to have the ability, in that area to, house
visitors. Expos normally demand short term
temporary accommodation. There are corporate
apartments and corporate housing owned by the
Expo owners but no-one company will cater for the
thousands of visitors who may also decide to stay
longer than anticipated. - Visitors have expectations as well and so there
must be some options available, whether upmarket
accommodation or cheaper rentals, service must be
provided. In some cases, you might need someone
to work with you depending how much you can
afford after mentioning your length of stay. If
you are going through a fairly well know agent
then you will want to check out the reviews,
firstly of their name as a company and secondly
of the rented accommodation offered. - There are so many options that visitors may
require. Depending on your length of stay, you
might need such facilities such as a clothes
washer and dryer, fully stocked kitchen, lounge
and sitting room facilities, bar and an
entertainment area. There is no end to the matrix
of possibilities a client may want. This is
sometimes difficult depending on the length of
their stay. When you have an expo or similar, you
more or less know for certain that the occupation
will run concurrent with that show. Often
accommodation is offered on an ad hoc basis, in
other words you take what is offered, however
this does not work in every case. You get VIP's
that virtually want every conceivable contrivance
and comfort and all the attributes like high
speed internet, special television sets etc.
There is really no end to this list. Even branded
name appliances are often required. It is up to
the lessor to advertise what type of temporary
accommodation is offered.
12Great Accommodation Available Overseas
- Many corporates when re-locating employees use
corporate housing rather than putting up the
whole family in hotel. Also, hotels are not very
pleasant for a one to three month stay. A three
day or maybe a week stint at a hotel is fine but
not longer. Corporate housing brings home life
back to going away almost. An assignment abroad
can be as long as six months to a year or more
and usually the whole family is involved. You can
virtually duplicate your present living
conditions when staying abroad in one of these
rentals. - This accommodation now offered is available
worldwide with consortiums running the show in
most cases. They are equipped with everything
one can think of from open plan living spaces,
smart TV's, hi-speed internet and luxuriously
appointed furniture and fittings. A fully
operational kitchen also the more exclusive have
a weekly housekeeping service in most cases. So
corporate housing is on the move and the
investments run into billions of dollars. Many
corporates seek out one such of these
institutions and list them as a preferred
supplier of short term housing. The
pharmaceutical and medical especially, research
institutions and their manufacturing facilities.
The pharmaceutical industry for example, to name
just one corporate sector, has chemists
continually moving around the world introducing
new products and manufacturing techniques to
fellow employees which is far outshines video
conferencing.
13The End
- For more details, please visit
- https//stlch.com/