A corporate house is a temporary rental home that caters to business travelers, remote workers, digital nomads, or individuals and families who are temporarily relocated for work. These homes are often more comfortable and spacious than hotels and Airbnb rentals. They also typically offer a premium level of service and furnishings.
The convenience and time-saving benefits of corporate housing are becoming an increasingly important employment perk. As many young professionals prioritize work-life balance and flexibility, companies are starting to include the offer of temporary accommodations as a key selling point in their job listings.
Exploring Corporate Houses: Ideal Solutions for Business Travelers
When you rent to corporate clients, you can expect a higher occupancy rate than traditional tenants. However, you should also consider that this type of client can be more demanding and require more attention to detail. Managing and operating a successful corporate rental property requires a lot of work, but the increased profit potential can be worth it for some investors.
Unlike Airbnb, some corporate houses have flexible terms and can accommodate multiple months of stays. Corporate housing typically offers amenities like a full kitchen, internet access, and laundry facilities. In addition, the location is typically smack dab in – or very close to – business hubs. This means that employees can save money on transportation and have easy access to the things they need most. This is a great way to reduce commute times and carbon footprint, which can be especially beneficial for employees on extended travel or relocation assignments.