Where Can I List My Property for Corporate Housing?

May 21st, 2024

General

If you have a fully furnished property, then you may consider renting it out as corporate housing instead of a short-term vacation rental. This is a unique subset of the rental industry that deserves a bit more air time because it can be quite profitable for property owners. 

Renting to business professionals is a great opportunity to scale up your operations and secure bookings that last. This means less time and money spent on marketing because you will be booked for weeks or months at a time. 

Another perk is that it is also cost-efficient for guests but lucrative for property owners. You can charge a lower rate than local hotels while still earning thousands per month. People are more apt to pay the discounted rate for your corporate housing rental with the comforts of home rather than stay in a swanky hotel for months at a time.

 

What is Corporate Housing vs Short-Term Rentals?

Corporate housing is a specific type of short-term rental, but it caters more to the business crowd. The major difference between this and vacation rentals is the estimated duration of the stay. For most vacationers, the typical stay is a week or two with many people staying only for a single weekend. Corporate housing is intended for longer-term stays, sometimes up to several months. 

As a result, corporate housing offers the comforts of home. These rentals are fully furnished with amenities available to the guest. Guests should not have to pack a single thing outside of their suitcase to live in your rental comfortably. This includes towels, appliances, pots and pans, dishes, and the like.

Corporate tenants may also have other requirements, like a dedicated workspace and high-speed internet. As working professionals, they tend to have high standards for quality in their rental.

Pricing is one area where corporate housing stands out from the vacation rental market. Most of the time, pricing includes all-inclusive services like electricity, water, and internet. It doesn’t have the hidden fees such as cleaning fees that are often tacked onto short-term rentals. The property owner may also offer discounts for longer stays.

 

Where Can I List My Property for Corporate Housing? 

With that out of the way, it’s time to turn your attention to where you can list your property and find corporate housing guests. Here are five platforms you can leverage to secure guests who will stay for weeks to months. 

 

Direct Bookings

The first and most lucrative way to market your rental property as corporate housing is to accept bookings directly through your website. This cuts down on fees from the middleman which then allows you to either earn a greater profit or offer more competitive (and more enticing) rates. 

Strategic marketing of your direct booking website might include directly reaching out to local companies who can utilize your space. For example, you can get in touch with HR managers and other contacts associated with traveling executives or organizers of employee housing. 

You can find guests from any industry, so reach out to a wide variety of local businesses: hospitals, relocation companies, insurance companies, and even restoration companies. 

 

Atease

Atease specializes in government-approved rentals to federal and state employees, military, veterans, first responders, medical providers, and contractors. These guests require compliant accommodations, but they’re a stable, reliable audience with an 8-day average length of stay.

In order to list on Atease, properties must be inspected by their Property Approval & Certification Team (PACT) to ensure they meet the needs of government travelers. They offer a few different hosting options so property managers can pick a package that best fits their business strategy.

 

Furnished Finder

Another great option to find corporate housing tenants is Furnished Finder. Each day, they have over 30,000 people looking for a fully furnished apartment. In general, they market to healthcare professionals like traveling nurses and doctors. However, this site also serves traveling academics and even snowbirds.

One significant benefit of Furnished Finder is that you are the merchant of record (MOR). As the MOR, you hold the merchant account with the processing bank. This provides significantly more control over your rates and brand reputation, plus direct access to the processor for chargeback help and security compliance.

In addition, they own Travel Nurse Housing. When you create a listing on Furnished Finder, your property will also be listed here. This gives you double the visibility without paying any of the booking fees that other platforms may charge.

 

Corporate Housing by Owner

Corporate Housing by Owner is a quick and easy way to start advertising your furnished properties to corporate travelers. If you don’t have much time to invest in marketing, it takes less than twenty minutes to create a listing and start to reap the benefits of long-term tenants. 

Like Furnished Finder, CHBO doesn’t charge any booking fees and is available around the clock to answer your questions. They have several different packages you can choose from for advertising, starting at $339 per year for their bronze plan.

 

Travelers Haven

In a similar vein, Travelers Haven makes it easy for you to reduce vacancies in your property. With this setup, clients can request reservations in a given area with specific amenities. Their account manager searches all available properties for the best fit and secures the lease.

One benefit of listing here is that you assume less risk. Instead, this platform acts as the responsible party to ensure that you always get paid on time. Unlike Corporate Housing by Owner, there are no fees to register or use Travelers Haven.

With that in mind, they do charge a small fee for their services when matched.

 

National Corporate Housing

National Corporate Housing is another great solution for landlords and property managers who want to book more corporate housing clients. They offer a comprehensive service for clients with personal travel agents who locate and book reservations in a desired city. They even cancel and change bookings for guests when necessary. 

It isn’t as easy to get started as it is with Corporate Housing by Owner, but their excellent customer service team will guide you through every step of the process.

 

Book More Corporate Housing Guests 

Are you ready to start offering your property as a corporate housing option? If you need a payment processor for your direct booking website or any of the corporate housing sites listed above, Ascent is here to help. 

Our experienced team has decades of experience in rentals and hospitality, and we understand the specific needs of our clients. We’re also proud to be an associate member of the Corporate Housing Providers Association (CHPA), which is exclusively dedicated to supporting corporate housing professionals around the world.

If you want to streamline your operations and collections process, reach out to us today to learn more about our services!