Loss
Lost $3,150 on furniture for a house I never bought
No deals yet after six months of looking, and I managed to lose money anyway, so I'll write it down. I was under contract on a 2 bed townhouse near a business park, $189,000, plan…
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Corporate housing means providing fully furnished, move-in-ready rental properties to business clients, relocating employees, traveling professionals, and companies needing temporary housing for staff.
Log in to followNo deals yet after six months of looking, and I managed to lose money anyway, so I'll write it down. I was under contract on a 2 bed townhouse near a business park, $189,000, plan…
I mostly buy land and hold it, and I own one small house that came attached to a parcel I wanted. It's been a plain rental for four years at $1,450. I was at the county permit cou…
Two paths on the same 2 bed. Unfurnished market rent is about 2,150. Furnished corporate direct, I think I can hold 3,400 a month with utilities and internet included, which run m…
Six months of driving neighborhoods and I've got maybe thirty properties on a spreadsheet. None of them are downtown because I can't make downtown pencil at all. Every corporate f…
I own land and two rentals I've held a long time, and with anything new I like to start absurdly small and see what breaks. Somebody told me a single studio near a hospital counts…
I bought 22 acres two years ago for the land. There's a 1970s farmhouse on it, three bedrooms, sound roof, working well and septic, and I've been treating it as a teardown I haven…
This is a deal I didn't close, and the money went out anyway. I've been working toward a first purchase for a while and got further than usual on a four-unit near a hospital and t…
I got one furnished lease from a chance conversation and I'm not going to get the next one that way. So I've been trying to work out where the hours go if you're deliberate about…
I manage nothing yet. I've spent four months talking to owners of furnished units to work out what a service around this would actually charge and cost, and my model keeps collaps…
Reading through a small operator's setup, five furnished units in a metro with one large employer nearby. Four of the five units have been filled by placements from that one emplo…
Talking to an owner who wants someone to handle placements and turns for three furnished units aimed at corporate tenants. Before I say yes I want to understand exactly where I st…
First furnished unit, 2 bed near a research park, and I got as far as a vendor packet from a relocation management company. I'd quoted $2,550 all inclusive. Their standard rate ca…
I am pricing my first furnished unit, a two bedroom, and the part I cannot decide is utilities. Every corporate listing I read says all inclusive. My gas bill on this building las…
Beginner framing because I get asked this every month by owners who are new to furnished, and I do not think the room agrees on it. Corporate furnished usually includes some level…
Five month placement in a three bedroom near a medical campus ended in October with nothing booked behind it. The unit sat seven weeks furnished before the next inquiry, and for s…
A property manager in the county seat here told me she keeps two furnished units for the hospital's traveling nurses and the utility company's line crews, and she called it corpor…
Two bedroom, 900 square feet, second floor of a four unit I've owned since 2019. Tenant gave notice, moving out end of February. Unfurnished it rents for $1,500 and I have never h…
Three bedroom townhome, ten minutes from a hospital campus that runs a lot of contract specialists. I leased it from the owner at $1,850 on a 24 month term in early 2023, furnishe…
Six units total, four of them now running furnished for mid-term and corporate stays. This was an operations fix rather than a deal, and it moved more money than my last acquisiti…
I'm looking at a small house near a business corridor and the furnishing decision is the part I keep going back and forth on. Three ways I've seen described here and elsewhere, an…