Corporate apartment rental is ideal for businessmen who travel a lot. Corporate housing rentals are preferred over hotels by many business professionals. The primary reason being hotels can be quite expensive, irrespective of whether the stay is long or short. Corporate housing would save the business significant amount of money when their employees are on business trips. Also, most people like the fact that corporate apartments are fully furnished and have kitchens. A hotel room usually lacks such versatility and features.
Corporate apartments are not just cost-effective, but they are a lot more comfortable too. They feel more like home than a hotel room. People who spend most of their day sitting in meetings would love to come back to a place at night that’s more like home.
A corporate apartment rental is not the same as an apartment furnished for individuals. Corporate rental houses are equipped with services and amenities a hotel would offer, cutting out the housekeeping. Business professionals, especially when they are sharing an apartment in groups, would not like people walking in uninvited.
A property meant for corporate housing is usually rented by a firm or an employee of a company who is on an official trip to the place the apartment is. Based on what the property offers, the location and size of the apartment, the company could choose who to lodge there – their blue-collared staff or managerial employees. Generally, corporate housing for managers would be a bit more upscale than apartments for blue-collared employees.
If you have a property that you would like to temporarily rent out to travelling business professionals, you should be willing to modify your space as per the company’s requirements. For instance, for the top management of a firm, you must offer a luxury setup. The setup would typically comprise a tasteful design and high-end furnishings; technologically advanced appliances and artwork; a well-equipped pantry; well-connected devices; a high-end television with all entertainment packages; and a maintenance and cleaning crew.
For mid-level managers, the luxury setup can be toned down a bit. Provide top-quality basics, which include durable furnishings; mid-size LED televisions; latest quality appliances; a well-stocked pantry; and maintenance and cleaning services. There could be other specifics that may vary with the company you are engaging with.
Since you are renting out space to business, you should function like one too. To get started, learn more about your neighbourhood and check if there are corporate housing spaces around. Studying neighbouring localities would help you understand the business and how you could stand out from the competition. Once you have the space ready, start connecting and networking with HR managers of companies you would like to associate with.
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