Times’ business section that detailed the struggle small business owners realize when attempting to find funding for their business. In the article, Ciaburri explains how Worth Avenue Capital helps find funding for these businesses and why private lending has become a more useful financing option for the small business community. • CORPORATE HOUSING SURVEY REVEALS INDUSTRYTRENDS Results are out from an annual survey of corporate housing professionals, showing trends in pricing, amenities, renter behavior and more. The survey, by Corporate Housing by Owner, is now in its eighth year of gathering and analyzing feedback from hundreds of independent corporate real estate prop- erty owners and managers nationwide. “Our survey is open to anyone who owned or managed a furnished, monthly residential rental in 2016 … it isn’t just for CHBO users,” according to Kimberly Smith, co-founder of Corpo- rateHousingbyOwner.com, the first- of-its-kind online portal connecting furnished rentals and the traveling pub- lic. “Our goal is to get the best snapshot of the independent corporate housing segment, so you can learn from relevant trends and achieve greater success.” Among the trends observed in 2016: • The majority of respondents (60 percent) reported they are landlords for investment purposes. Those who say they’re landlords because they can’t sell reached an all-time low of 3 percent. • Healthcare travel jumped to 34 percent (up 10 percent over 2015). If there are significant changes to the national healthcare laws, there likely will be future volatility in the need to travel for
healthcare services, benefiting those whose rental property is located near healthcare facilities or wellness centers. • More cities have put regulations in place that affect non-primary residences and short-term rental properties. While this has been going on in some cities for a while (such as San Francisco, Chicago and New York), other cities with tight housing markets (such as Denver) have put new rules in place. Corporate housing providers need to stay up-to-speed on their city’s requirements—some of which may be brand new. survey, nearly 50 percent of property owners included phones with their rentals. Today that number is only 22 percent. In recent years, there also has been an increase in those offering Wi-Fi and streaming entertainment services, such as Netflix, to make their properties more appealing. • For the fifth consecutive year, more than nine out of 10 respon- dents reported their properties are profitable or breakeven. In 2016, 74 percent of respondents said they had profitable rentals—up from 67 percent in 2015. • 60 percent of respondents said they’ve been furnished landlords for four years or less—a continuation of the trend of new investors entering the real estate investment market. 2016 marked the third consecutive year that new landlords (landlords “for one year”) increased. • Amenities are changing with the times. In the early years of the
UPCOMING EVENTS
MARCH 2 Pitbull’s 42nd National Hard Money Conference Scottsdale, Arizona https://pitbullconference.com/ march-2017-scottsdale-2/ 858-736-7788
MARCH 7 Sixth Annual InterFace Net Lease West Los Angeles, California http://www.cvent.com/events/2017- interface-net-lease-west/
event-summary-040c121222d- 1404694989c458b45f8f8.aspx 404-832-8262
APRIL 4-5 IMN’s 4th Annual Real Estate Private Equity Forum Miami, Florida https://www.imn.org/real-estate/confer- ence/Land-Homebuilding-East-17/ 212-901-0506
APRIL 5-6 Global Investor Forum
Los Angeles, California (Omni Hotel) https://www.perenews.com/global-in- vestor-los-angeles/ 646-619-8132
APRIL 23-25 Activate 2017 Newport Beach, California http://geracicon.com/activate/ 949-298-8050 APRIL 29 Think Realty National Conference & Expo Dallas, Texas www.thinkrealty.com/events/dallas 816-398-4130
For more information or to ob- tain a copy of the survey results, contact CHBO at 877-333-2426 or Support@myCHBO.com. •
thinkrealty . com | 9
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