A corporate rental is a fully furnished short-term apartment, condo, or house that is rented to companies as temporary housing for their employees. These rentals are a great alternative to hotels and offer flexibility and convenience for employees who may need to relocate for work-related reasons.

Finding the Perfect Corporate Rental for Your Business Needs

These types of rentals are typically longer-term than Airbnb rentals and often come with additional security that property owners do not have to worry about with other short-term rental platforms like Airbnb. Corporate rental renters also typically pay in advance, which reduces turnover and makes it easier for property owners to maximize rental income.

To learn more about the lucrative world of corporate rentals, I sat down with Diana Tapia, an investment property manager at Dublinplace Corporate Housing in Colorado Springs, to discuss the ins and outs of this type of real estate investment. Diana shares her experiences and tips for how to invest in this profitable niche, as well as the benefits of investing in corporate rental over other types of investments.

When it comes to choosing a location for a corporate rental, the key is to find one that is close to business centers and that is a popular destination among corporate travelers. In addition to finding a great location, it is also important to invest in high-quality furnishings that will last and create a luxury feel. Finally, if you are going to invest in this type of investment property, it is worth checking with your insurance company to see what coverage it offers for short term rental properties.